Sec. 1. Except as provided by this chapter, contracts to:
(1) acquire land for or to construct, purchase, lease, sublease, or otherwise acquire; or
(2) engage architectural or engineering services in connection with;
any building facilities to be financed in whole or in part by the issuance of bonds under this article or by student building facilities fees charged and collected under this article, may not be made by a state educational institution without the specific approval of the budget agency and the governor.