New Mexico Administrative Code
Title 2 - PUBLIC FINANCE
Chapter 70 - CAPITAL EXPENDITURES
Part 4 - POLICY ON CAPITAL EXPENDITURES BY STATE EDUCATIONAL INSTITUTIONS
Section 2.70.4.7 - DEFINITIONS
Current through Register Vol. 35, No. 18, September 24, 2024
For these purposes, "major" is defined as:
A. any project funded, in whole or in part, by capital outlay legislation signed into law which costs over $500,000.00, at institutions with FTE enrollments under 1,500;
B. any project funded, in whole or in part, by capital outlay legislation signed into law which costs over $750,000.00, at institutions with FTE enrollments of 1,500 or more;
C. any project funded exclusively by sources other than legislative appropriations which costs over $50,000.00, at institutions with enrollments of 1,500 FTE or less; or
D. any project funded exclusively by sources other than legislative appropriations which costs over $300,000.00, at institutions with enrollments exceeding 1,500 FTE.