(a) A contract for the purchase of goods or services
that has a value exceeding $1 million shall be considered to be a
contract requiring enhanced monitoring pursuant to Texas Government
Code, §2261.253.
(b) The board shall be informed and provided information
about such contract.
(c) The agency's procurement manager or staff shall
immediately inform the Executive Director and the board should any
serious risk or issue arises, during the contract term, with respect
to a contract monitored under this section.
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