(a) Notwithstanding any other part of chapter 17, the Commissioner must review and approve the acceptance or acquisition of any land and facilities for Texas State Technical College System if it meets the following requirements:(1) the board of regents of the Texas State Technical College System requests to place the land and facilities on its E&G space inventory; and(2) the combined value of the land and facilities is more than $300,000.(b) For all real property acquisitions, Texas State Technical College System shall comply with §17.21 of this chapter (relating to Submission Procedures) for reporting related information to the Board.(c) If the property has improvements, the Commissioner will assess the project in accordance with project standards for Improved Real Property Purchase Projects in §17.32 of this chapter (relating to Standards for Improved Real Property Purchase Projects).