Maryland State Finance and Procurement Section 12-204

      (a)      This section does not apply to a lease entered into on or before May 31, 1967, unless the lease is renewed after that date.

      (b)      (1)      Except as provided in subsection (c) of this section and § 13-108 of this article, before a unit executes or renews a lease of land, buildings, or office space, the Board shall approve the lease or lease renewal.

            (2)      After review by the Secretary of General Services, the Board may designate the location of any unit.

      (c)      (1)      Subject to paragraph (2) of this subsection, the Board may adopt regulations, in accordance with Title 10, Subtitle 1 of the State Government Article, that allow a unit to execute or renew a lease without Board approval.

            (2)      These regulations are subject to the approval of:

                  (i)      the General Assembly; or

                  (ii)      while the General Assembly is not in session, the Legislative Policy Committee.

            (3)      Regulations adopted under this section shall:

                  (i)      establish an expenditure or use classification to determine which leases or lease renewals may be entered into without Board approval;

                  (ii)      set an amount for each classification and require a unit to obtain approval if a lease or lease renewal exceeds that amount; and

                  (iii)      require a unit to establish a reporting system approved by the Board to inform the Board about leases or lease renewals entered into without Board approval.