(a) Each governing board shall ensure that facilities under its jurisdiction are maintained and that a listing of any major deferred maintenance projects is provided annually to the commission or council, as appropriate.
(b) Each governing board shall strive to invest annually an amount for maintenance that is consistent with the building renewal formula developed and approved by the commission and council and to generate a reserve sufficient to address unexpected maintenance needs.
(c) The commission and council shall determine whether a governing board is devoting sufficient resources for maintenance based on the following criteria:
(1) The amount of maintenance expenditures compared to building renewal formula estimates of appropriate expenditures; and
(2) Periodic evaluations of the conditions of facilities at the institution and its performance and effectiveness in maintaining its facilities.