1. (a) Contracts for the purchase of goods or services that have a value in excess of $1 million will be identified for enhanced contract or performance monitoring.
2. (b) Contracts that are identified for enhanced contract or performance monitoring will be reported to the Board.
3. (c) Contracts will be monitored in accordance with policies and procedures in the SPB contract management handbook.
4. (d) The Board will be notified, as appropriate, of any serious issue or risk that is identified with respect to a contract monitored under this rule.

Source Note:The provisions of this §111.48 adopted to be effective February 17, 2019, 44 TexReg 582.