The cost of a capital project shall include an administrative fee to cover the cost of administering the capital project. The fee shall be three percent of the appropriated amount of a capital project.
§ 15-3B-10 NMSA 1978
Capital projects; administrative fees
Known as the Property Control Act
The act spans §§ 15–15 (24 sections).
1978 Comp., § 15-3B-10, enacted by Laws 2001, ch. 319, § 10; 2015, ch. 146, § 1.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.