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.
History: 1978 Comp., § 15-3B-10, enacted by Laws 2001, ch. 319, § 10; 2015, ch. 146, § 1.
The 2015 amendment, effective June 19, 2015, amended the administration fee for the cost of a capital project; and in the second sentence, deleted "one" and added "three", after "percent of the", deleted "estimated construction cost" and added "appropriated amount", and after "capital project", deleted "located in Santa Fe county and one and one-half percent for a capital project located outside Santa Fe county".
Structure 2021 New Mexico Statutes
Chapter 15 - Administration of Government
Section 15-3B-1 - Short title.
Section 15-3B-2 - Definitions.
Section 15-3B-3 - Facilities management division; creation; director.
Section 15-3B-4 - Division; duties; federal funds.
Section 15-3B-5 - Position of staff architect created; duties and responsibilities.
Section 15-3B-6 - Building and remodeling.
Section 15-3B-7 - Lease of land or buildings for private use.
Section 15-3B-7.1 - State buildings; use in motion pictures.
Section 15-3B-8 - Acquisition of land.
Section 15-3B-9 - Lease of New Mexico finance authority property; maintenance and repair.
Section 15-3B-10 - Capital projects; administrative fees.
Section 15-3B-11 - Capital projects; contingency limitation.
Section 15-3B-12 - Feasibility study of energy sources.
Section 15-3B-13 - Parking facilities required for state buildings; standards.
Section 15-3B-14 - Concessions.
Section 15-3B-15 - Maintenance charges; credited to agency operating budget.
Section 15-3B-16 - Capital program; fund created; allocation and expenditure for capital outlay.
Section 15-3B-17 - Capitol buildings repair fund; creation; expenditures.
Section 15-3B-18 - Public buildings repair fund; created; expenditures.
Section 15-3B-19 - Building use fees; transfers to fund.
Section 15-3B-20 - Property control reserve fund; created; purpose.
Section 15-3B-21 - Health and human services office building.
Section 15-3B-22 - Public facilities; naming; prohibition; exceptions.