To obtain Board approval for a repair or renovation project, an institution shall demonstrate that the project complies with the following standards:

1. (1) Institutional Standards. The institution shall demonstrate that a repair or renovation project complies with the standards required in §17.30(1) of this title (relating to Institutional Standards) and the additional requirements for space utilization described in §17.31 of this title (relating to Additional Requirement).

2. (2) Project Standards.

   1. (A) Space Need and Cost--The institution shall demonstrate that the repair or renovation project complies with the standards required in §17.30(2)(A) and (B) of this title (relating to Space Need and Cost).
   2. (B) Efficiency--The institution shall demonstrate that the project does not reduce the existing ratio of NASF to GSF for the building. If the project renovation is required to comply with federal or state requirements, the institution shall explain any reduction in the ratio of NASF to GSF for the building.

Source Note:The provisions of this §17.40 adopted to be effective August 15, 2004, 29 TexReg 7687.