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. ANNOTATIONSThe 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'.
New Mexico Legal Code