A. The “capital program fund” is created in the state treasury. To this fund shall be credited all appropriations for capital outlay projects under the jurisdiction of the division.

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Terms Used In New Mexico Statutes 15-3B-16

  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.

B. The capital program fund shall be allocated by the division for capital outlay projects specified by the legislature in accordance with the provisions of the Property Control Act.

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