Section 49-7-132 - Approval of expenditures by state building commission

(a) An expenditure or combination of separate expenditures in excess of one million dollars ($1,000,000), or a subsequent greater threshold established by the state building commission, made in a six-month period on a single building or structure owned or leased by a public four-year institution of higher education or governing board of the institution, is subject to the approval of the state building commission.(b) An expenditure or combination of separate expenditures in excess of two hundred fifty thousand dollars ($250,000), or a subsequent greater threshold established by the state building commission, made in any six-month period on a single building or structure owned or leased by any other state institution of higher education or governing board of the institution, is subject to approval by the state building commission.Amended by 2023 Tenn. Acts, ch. 411, s 5, eff. 7/1/2023.Acts 2004, ch. 807, § 1.