Complex sentence: The Lebanese American University (LAU) is chartered by the Board of Regents of the University of the State of New York, which is the only entity authorized by the State of New York to incorporate higher education institutions and to authorize them to confer degrees.
Split into simpler sentences: The Lebanese American University (LAU) is chartered by the Board of Regents of the University of the State of New York. The University of the State of New York is the sole entity authorized by the State of New York to incorporate higher education institutions and to authorize them to confer degrees.