Sec. 4. Before the board of trustees of a state educational institution may enter into an
agreement with a third party to monetize a capital asset, the proposed principal terms
of the agreement (including an estimated amount of the monetization proceeds) must
be approved by the governor and the budget agency, after the recommendation of the
budget committee, if the agreement will have:
(1) an annual transactional value that exceeds one million dollars ($1,000,000);
(2) a total transactional value that exceeds five million dollars ($5,000,000); or
(3) a term, including the initial term and any renewal terms, that exceeds ten (10)
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