Statutes > New Mexico Statutes > Chapter 15 - Administration of Government. > Article 3B - Property Control, 15-3B-1 through 15-3B-21. > Section 15-3B-10 - Capital projects; administrative fees.

Section 15-3B-10 - Capital projects; administrative fees.

15-3B-10. Capital projects; administrative fees.

The cost of a capital project shall include an administrative fee to cover the cost of administering the capital project. The fee shall be one percent of the estimated construction cost of a capital project located in Santa Fe county and one and one-half percent for a capital project located outside Santa Fe county.