HARRY HUGHES, Governor                                     5

(2)  THAT THE AGGREGATE ANNUAL DOLLAR VALUE OF
EACH CONTRACT AND ITS ATTENDANT CHANGE ORDERS IS LESS THAN A
MONETARY THRESHOLD ESTABLISHED FOR THE APPLICABLE
EXPENDITURE CLASSIFICATION BY THE BOARD OF PUBLIC WORKS;

(3)  THAT THE MONETARY THRESHOLDS BE SUFFICIENTLY
HIGH TO FREE THE BOARD FROM DIRECT REVIEW OF RELATIVELY
INSIGNIFICANT ITEMS WHILE NOT IMPAIRING THE STRONG PUBLIC
POLICY IN FAVOR OF DIRECT BOARD REVIEW OF ITEMS HAVING A
SUBSTANTIAL FISCAL IMPACT; AND

(4)  THAT AN ACCOUNTABILITY OR REPORTING SYSTEM
APPROVED BY THE BOARD IS ESTABLISHED TO INFORM THE BOARD
WITH RESPECT TO ACTIONS TAKEN BY AGENCIES UNDER AUTHORITIES
GRANTED THEM BY THE BOARD.

8.

(1)  The Board of Public Works shall approve every
lease and renewal of the lease of land, buildings or office
space before it is executed by any department, board,
commission, State officer or institution of the State, and
may designate the location of any State agency, after review
by the Secretary of General Services subject to the
provisions of subsection (2) of this section.

(2)  After June 1, 1967, no appropriation may be
obligated or expended for the rent of any building or part
of a building to be occupied for State purposes at a rental
in excess of the per annum rate of 15 percent of the fair
market value of the rented premises at the date of the lease
under which the premises are to be occupied by the State or
by any of its agencies.

(3)  The provisions of this section do not apply to
leases made prior to June 1, 1967 except when renewals of
the leases are made after that date.

(4)  The Board of Public Works may adopt regulations,
subject to approval by the General Assembly or, during the
interim between sessions of the General Assembly, the
Legislative Policy Committee thereof, by which State
departments, boards, commissions, institutions, or other
agencies may enter into land, building, or facility space
leases or lease renewals prior to or without Board of Public
Works approval, provided (i) that the subject matter of each
lease or lease renewal falls within an expenditure or use
classification established for this purpose by the Board of
Public Works, (ii) that the annual dollar value of each
lease or lease renewal is less than a monetary threshold
established for the applicable expenditure or use
classification by the Board of Public Works, and (iii) that
an accountability or reporting system approved by the Board
is established to inform the Board with respect to actions