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CHAPTER III

17. “BEST VALUE” PROCUREMENT

Section 51.9335(a)-(e) of the Texas Education Code authorizes institutions of higher education to use “best value” procurement process which provide greater autonomy and flexibility in the procurement of goods and services.

17.1   The System and each Component shall establish purchasing rules and guidelines based upon the procurement rules established by the Board. All procurements shall be made in accordance with all applicable federal, state and local laws, and System Rules and Regulations.