(a) This section applies to a lease or contract under which: (1) the State or a unit of the State will be an initial user or occupant of a facility financed by bonds issued under this subtitle; or (2) a facility financed by bonds issued under this subtitle will be built on property owned by the State. (b) The State or a unit of the State may not enter into a lease or contract that is subject to this section and that forms a part of the security for bonds issued under this subtitle unless: (1) the Legislative Policy Committee has authorized the facility as being consistent with the capital budget; and (2) the Board of Public Works specifically has approved the bond issue for that facility.
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