TCA 49-7-132
Approval of expenditures by state building commission
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What does this charge mean?
Approval of expenditures by state building commission.
Penalty Details
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Penalty SummaryClassification not specified
(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. Ask a legal question, get an answer ASAP!(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.
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TCA Section49-7-132