(a) The commission authorized the creation of a contract review board to review contracts entered by the department. The contract review board is chaired by the assistant director of the administration division, has a representative from each of the department's divisions, and has a member from the commission that serves on the contract review board as a liaison to the commission. The contract review board maintains an executive committee to review procurements and contracts that may be high risk at their inception.
(b) The contract review board reviews the contracts as detailed in this subsection:
  (1) contracts that are over one million dollars in value; and
  (2) contracts that constitute high risk to the department based on the criteria of the contract monitoring program or as determined by the contract review board, executive committee of the contract review board, or the commission.
(c) All procurements and contracts that meet the threshold of review by the contract review board or the executive committee of the contract review board will be considered to require enhanced contract or performance monitoring.
(d) Performance monitoring reports will be submitted to the commission by the assistant director of the administration division.
(e) Any member of the contract review board or the procurement director may recommend or report risk concerns to the assistant director for reporting to the commission.

Source Note: The provisions of this §1.262 adopted to be effective January 10, 2016, 41 TexReg 489