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New Mexico Statutes Chapter 19. Public Lands § 19-5-9. Water developed by lessee; credit

Current as of January 01, 2024 | Updated by Findlaw Staff

The commissioner may contract with lessees of state lands to develop water thereon, and in consideration of any such improvement the lessee shall be credited with not to exceed one-third of the rental value of the land leased during the term of the lease.

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Cite this article: FindLaw.com - New Mexico Statutes Chapter 19. Public Lands § 19-5-9. Water developed by lessee; credit - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-19-public-lands/nm-st-sect-19-5-9/

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