New Mexico § 67-3-48 - Partial payments on road contracts; progress estimates; limitation; division of amounts
Full text of New Mexico New Mexico Statutes Annotated § 67-3-48 — Partial payments on road contracts; progress estimates; limitation; division of amounts, with citation guidance and answers to common questions.
§ 67-3-48. Partial payments on road contracts; progress estimates; limitation; division of amounts
Partial payments may be made on any contract for highway improvement under the provisions
of this act, as the work progresses. Progress estimates shall be based on materials in place and labor expended thereon,
but no more than ninety-five percent of the contract price of the work shall be paid
in advance of the full completion of such contract and its acceptance by the state
highway engineer. The state and county shall each pay its proportionate share of such partial payments
on the certification of the amount thereof by the state highway engineer.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 67-3-48
What does New Mexico Statutes Annotated § 67-3-48 cover?
Section 67-3-48 ("Partial payments on road contracts; progress estimates; limitation; division of amounts") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 67-3-48?
A common citation format is "New Mexico Statutes Annotated § 67-3-48" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 67-3-48 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.