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

Universal Citation: 2 NM Admin Code 2.70.4.7

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.

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.