If the project meets one of the following criteria, the study is automatically waived:
(1) Project receives less than twenty percent in TIB funds; or
(2) Project is construction only.
The executive director has the discretion to waive the value engineering study requirement if the total project cost is less than five million dollars.
The board has the discretion to waive the value engineering study requirement on any project.
[Statutory Authority: Chapter 47.26 RCW. 07-18-050, § 479-05-041, filed 8/30/07, effective 9/30/07.]