§ 15-3B-11 — Capital projects; contingency limitation

New Mexico § 15-3B-11

• Jurisdiction: New Mexico
• Ch. 15: Administration of Government
• Art. 3B: Property Control

Text

No more than six and one-half percent of the cost of a capital project shall be used for contingencies. For the purposes of this section, "contingencies" means unforeseeable elements of cost within the defined scope of the capital project.

Legislative History

1978 Comp., § 15-3-23.2, enacted by Laws 1984 (1st S.S.), ch. 10, § 10;