This section applies to a lease or contract under which: the State or a unit of the State will be an initial user or occupant of a facility financed by bonds issued under this subtitle; or a facility financed by bonds issued under this subtitle will be built on property owned by the State. The State or a unit of the State may not enter into a lease or contract that is subject to this section and that forms a part of the security for bonds issued under this subtitle unless: the Legislative Policy Committee has authorized the facility as being consistent with the capital budget; and the Board of Public Works specifically has approved the bond issue for that facility.