Overall, the Board of Trustees hold the institution's resources in trust, is responsible for selection of the university president and administrators, and are responsible for university resources and for implementing the rules and policies of the Florida Board of Governors.
[3][4] The Board of Regents was responsible "for adopting systemwide rules and policies; planning for the future needs of the State University System; planning the programmatic, financial and physical development of the system; reviewing and evaluating the instructional, research, and service programs at the universities; coordinating program development among the universities; and monitoring the fiscal performance of the universities.
[4] Governor Jeb Bush appointed the first twelve charter trustees, who took office on June 22, 2001.
[3] In an effort led by United States Senator Bob Graham, the Florida Constitution was amended in 2003 to create a new statewide governing body for the State University System of Florida.
The chair of the Faculty Senate and the president of the student government also serve as trustees during their terms.