Sec. UUUU-1. Administrative savings group. On or before September 1, 2007, the Chancellor of the University of Maine System, the President of the Maine Community College System and the President of the Maine Maritime Academy shall form an administrative savings group, referred to in this Part as "the group," to review potential savings in noninstructional costs for the 3 systems by combining administrative services to the extent practicable. The group shall review the feasibility of joint purchasing; joint contractual services; sharing of administrative personnel; coordinating payroll services, facilities management and food services; and cooperative use of human resources services and information technology. The group shall report to the respective boards of trustees and to the Joint Standing Committee on Appropriations and Financial Affairs and the Joint Standing Committee on Education and Cultural Affairs on or before January 1, 2008 with proposed savings for the current biennial budget and for future state budgets.