1. (a) This section applies to a lease or contract under which:

   1. (1) the State or a unit of the State will be an initial user or occupant of a facility financed by bonds issued under this subtitle; or
   2. (2) a facility financed by bonds issued under this subtitle will be built on property owned by the State.

2. (b) The State or a unit of the State may not enter into a lease or contract that is subject to this section and that forms a part of the security for bonds issued under this subtitle unless:

   1. (1) the Legislative Policy Committee has authorized the facility as being consistent with the capital budget; and
   2. (2) the Board of Public Works specifically has approved the bond issue for that facility.

Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008.