1.__Duties.__The coordinating council shall:

A.__Identify, examine and implement savings in administrative functions carried out by the state system, including, but not limited to, methods to simplify procedures and reduce duplication in the administrative functions of each constituent unit; and

B.__Develop accountability measures for each constituent unit and each public institution of higher education in accordance with the provisions of subsection 2.

2.__Accountability measures; reports.__The accountability measures developed by the coordinating council pursuant to subsection 1, paragraph B must be used by the board of regents and the board of trustees of each constituent unit in assessing the progress of each constituent unit of the state system as follows.

A.__Accountability measures developed for each constituent unit include the goals of:

(1)__Ensuring access to and affordability of higher education;

(2)__Enhancing student learning and promoting academic excellence;

(3)__Promoting the economic development of the State to help business and industry sustain strong economic growth;

(4)__Joining with elementary and secondary schools to improve teaching and learning at all education levels;