10505.
(a) The Regents of the University of California may perform projects with university employees if the regents deem that the award of a contract, the acceptance of bids, or the acceptance of further bids is not in the best interests of the university, under either any of the following circumstances:(1) The value of the project to be so performed shall does not exceed fifty thousand dollars ($50,000).
(2) The value of the project does not exceed one hundred thousand dollars ($100,000) and the project is on the campus at the University of California at Los Angeles.
(2) (3) The project is for the erection, construction, alteration, repair, or improvement of experimental, diagnostic, or specialized research equipment.
(b) This section does not apply to the painting or repainting of a structure, building, road, or improvement of any kind if the value of the painting or repainting project exceeds twenty-five thousand dollars ($25,000).