Section R23-5-6 - Funding of Statewide Contingency Reserve(1) All appropriated funds budgeted for contingencies shall be transferred to the statewide contingency reserve upon their receipt by the division. This includes budget elements previously referred to as "design contingency" and "project contingency."(2) The division shall budget for contingencies based upon a sliding scale percentage of the construction cost. (a) For new construction, the sliding scale shall range from 4-1/2% to 6-1/2%.(b) For remodeling projects, the sliding scale shall range from 6% to 9-1/2%.(c) The sliding scale shall be approved by the director and kept on file by the division.(d) When projects are funded from both appropriated funds and non-appropriated funds, the amount budgeted for contingencies shall be prorated so that only that portion associated with the appropriated funds' share of the project is transferred to the statewide contingency reserve.Amended by Utah State Bulletin Number 2018-4, effective 1/23/2018Amended by Utah State Bulletin Number 2023-04, effective 2/8/2023