the State Retirement and Pension System, this Division II does not apply to the
Board of Trustees of the State Retirement and Pension System for:

(1) services of managers to invest the assets of the State Retirement and
Pension System, including real and personal property;

(2) expenditures to manage, maintain, and enhance the value of the
assets of the State Retirement and Pension System in accordance with investment
guidelines adopted by the Board of Trustees; and

(3) services related to the administration of the optional retirement
program under Title 30 of the State Personnel and Pensions Article.

(E) (1) (I) IN THIS SUBSECTION THE FOLLOWING WORDS HAVE THE
MEANINGS INDICATED.

(II) "BOARD OF REGENTS" MEANS THE BOARD OF REGENTS OF THE
UNIVERSITY SYSTEM OF MARYLAND OR THE BOARD OF REGENTS OF MORGAN STATE
UNIVERSITY.

(III) "UNIVERSITY" MEANS THE UNIVERSITY SYSTEM OF MARYLAND
OR MORGAN STATE UNIVERSITY.

(2) EXCEPT AS PROVIDED IN PARAGRAPH (2) OF THIS SUBSECTION AND
TITLE 11, SUBTITLE 3 OF THIS ARTICLE OTHERWISE PROVIDED IN THIS SUBSECTION,
THIS DIVISION II DOES NOT APPLY TO THE UNIVERSITY SYSTEM OF MARYLAND OR
MORGAN STATE UNIVERSITY.

(2) (3) (I) A PROCUREMENT BY THE UNIVERSITY SYSTEM OF
MARYLAND SHALL COMPLY WITH THE POLICIES AND PROCEDURES DEVELOPED BY
THE UNIVERSITY AND APPROVED BY THE BOARD OF PUBLIC WORKS AND THE
ADMINISTRATIVE, EXECUTIVE, AND LEGISLATIVE REVIEW COMMITTEE OF THE
GENERAL ASSEMBLY IN ACCORDANCE WITH § 12-112 OF THE EDUCATION ARTICLE.

(II) 1. ANY CONTRACT FOR SERVICES OR CAPITAL IMPROVEMENTS
WITH A VALUE THAT EXCEEDS $500,000 SHALL REQUIRE THE REVIEW AND APPROVAL
OF THE BOARD OF PUBLIC WORKS.

2. IN ITS REVIEW OF A CONTRACT FOR SERVICES OR
CAPITAL IMPROVEMENTS WITH A VALUE THAT EXCEEDS $500,000 THE BOARD OF
PUBLIC WORKS MAY REQUEST THE COMMENTS OF THE APPROPRIATE AGENCIES,
INCLUDING THE DEPARTMENT OF BUDGET AND MANAGEMENT AND THE
DEPARTMENT OF GENERAL SERVICES.

(4) THE UNIVERSITY'S POLICIES SHALL;

(I) PROMOTE PROCUREMENT FROM VENDORS DESCRIBED IN §
14-103 OF THIS ARTICLE:

(I) TO THE MAXIMUM EXTENT PRACTICABLE. REQUIRE THE
PURCHASING OF SUPPLIES AND SERVICES IN ACCORDANCE WITH TITLE 14.
SUBTITLE 1 OF THIS ARTICLE; AND