The Board shall review and approve as an addition to an institution's E&G buildings and facilities inventory any improved real property acquired by gifts or lease-purchase if:

1. (1) the institution requests to place the improved real property on its E&G buildings and facilities inventory; and
2. (2) the value of the improved real property is more than $300,000 at the time the institution requests the property to be added to the E&G buildings and facilities inventory.

Source Note:The provisions of this §17.30 adopted to be effective August 14, 2001, 26 TexReg 6018.