New Mexico Administrative Code
Title 2 - PUBLIC FINANCE
Chapter 70 - CAPITAL EXPENDITURES
Part 4 - POLICY ON CAPITAL EXPENDITURES BY STATE EDUCATIONAL INSTITUTIONS
Section 2.70.4.10 - INFORMATION REQUIRED FOR SUBMISSION FOR CONSTRUCTION OF BUILDINGS OR OTHER FACILITIES; MAJOR REMODELING OR REPAIRS
Universal Citation: 2 NM Admin Code 2.70.4.10
Current through Register Vol. 35, No. 18, September 24, 2024
A. To ensure that the state board of finance will have sufficient information to review capital outlay expenditures at New Mexico's educational institutions, the following information will be required to be submitted to the board after the higher education department has approved the request:
(1) a description of the
facility to be constructed or repaired, including the types of space to be
included, the function of the facility, and the relationship of the project to
the institution's five-year master plan;
(2) the total square footage of the facility,
both net assignable square feet and gross square feet;
(3) the cost per square foot for the
construction or repair of the facility and the cost per square foot for the
total project;
(4) a budget for the
project, including architects and engineering fees and contingencies;
(5) source of funds to include citation of
the relevant section of the law when source of funds is legislative
appropriation and in the case of bond funding, representation that bond
proceeds are available;
(6)
certificate of adequate parking as required in Section
21-1-21.1,
NMSA 1978, as amended;
(7) evidence
of approval of expenditure by applicable board of regents and higher education
department;
(8) evidence of
approval by higher education department of the following criteria as it may be
amended by higher education department from time to time:
(a) if the facility is less than or equal to
5,000 square feet, evidence of energy efficient measures;
(b) if the facility is greater than 5,000
square feet and less than or equal to 15,000 square feet, evidence of fifty
percent reduction in energy use compared to existing facilities of similar type
as defined by the United States department of energy; or
(c) if the facility is greater than 15,000
square feet, evidence of fifty percent reduction in energy use compared to
existing facilities of similar type as defined by the United States department
of energy and the achievement of a LEED silver rating or better.
B. Waivers of certain provisions may be granted at the discretion of the board of finance, on a case by case basis, until patterns develop that can be worked into the policy. Additionally, requirements affecting bond approvals are set forth in 2.61.5 NMAC.
Disclaimer: These regulations may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
