State Codes and Statutes
Statutes > New-mexico > Chapter-15 > Article-3b > Section-15-3b-1115-3B-11. Capital projects; contingency limitation.
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.