(a) The Regents of the University of California may perform projects with university employees if the regents deem that the award of a contract, the acceptance of bids, or the acceptance of further bids is not in the best interests of the university, under either of the following circumstances: (1) The value of the project to be so performed shall not exceed fifty thousand dollars ($50,000). (2) The project is for the erection, construction, alteration, repair, or improvement of experimental, diagnostic, or specialized research equipment. (b) This section does not apply to the painting or repainting of a structure, building, road, or improvement of any kind if the value of the painting or repainting project exceeds twenty-five thousand dollars ($25,000).
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