295.0 VIII-10.00 - POLICY ON FACILITIES MASTER PLANS (Approved by the Board of Regents, September 27, 1990) 1. A facilities master plan is for the purpose of establishing a framework for orderly growth and development of capital improvements that is responsive to an institution's current and projected needs and sufficiently flexible to accommodate changes that can be expected to occur in a dynamic environment. The plan is to describe the optimal development of the available space consistent with the approved mission statement of the institution. The plan is a working document that will require evaluation and updating periodically to ensure its consistency with revised mission statements and with other circumstances. The plan does not constitute a commitment to a specific timetable for the completion of projects. A facilities master plan is a component of the overall planning responsibility of the Board of Regents. 2. As a part of its planning responsibility, the Board of Regents shall approve the facilities master plan for each institution. 3. Each President or Director shall prepare a facilities master plan which: a. includes (1) information about the institution's role and mission and how these relate to facilities requirements; (2) an analysis of space and program needs to implement the approved mission; (3) a description of existing land and facilities, including a description of the possible new or revised use of existing land and facilities; (4) projections of needs over the next 10 to 20 years; and (5) assumptions and criteria to meet identified needs. b. is consistent with the mission of the institution as the mission statement has been approved by the Board of Regents and the Maryland Higher Education Commission. c. is consistent with State requirements for facilities master plans, including those for the Maryland Higher Education Commission. d. is to be evaluated and updated on a periodic basis, including when substantial changes to the institution's mission statement have taken place, or at least every five years coincident with the resubmission of an updated mission statement. 4. The institution's facilities master plan shall be reviewed by the Chancellor for consistency with the requirements for facilities master plans, and with the Systemwide goals and objectives established by the Board of Regents.