N.M. Admin. Code § 19.2.14.9

Current through Register Vol. 35, No. 23, December 10, 2024

Section 19.2.14.9 - APPLICATION FEES - COST - REQUIREMENTS

Applications to purchase state trust lands shall be:

A. Made under oath, in ink, or typewritten upon forms prescribed and furnished by the commissioner.

B. Accompanied by the application fee as set forth in the schedule of fees and a deposit against the expense of advertising and sale as set forth in the schedule of fees. The successful bidder shall pay the total cost of advertising, appraising, and sale, and will be billed for any cost in excess of the deposit. The deposit of unsuccessful bidders will be refunded.

C. Accompanied by an appraisal of the land by a disinterested and creditable person familiar with the land, and said appraisal shall be based upon personal knowledge and not information and belief. Such appraisal shall not be binding upon the commissioner.

D. Signed by the original applicant or by the applicant's agent or attorney duly authorized by written power of attorney. Applications not made in conformity with these rules are subject to rejection and in the event any application is withdrawn or rejected, the applicant shall pay the cost incurred up to that time. When special circumstances warrant, the commissioner, upon notice to the applicant, may add additional requirements. Nothing in these rules contained shall be construed as preventing the commissioner on the commissioner's own initiative at any time from offering for sale all or part of any lands of the state when the commissioner determines that such sale is in the best interest of the trust.

N.M. Admin. Code § 19.2.14.9

12/31/99; 19.2.14.9 NMAC - Rn, 19 NMAC 3. SLO 14.9, 09/30/02, Amended by New Mexico Register, Volume XXVII, Issue 12, June 30, 2016, eff. 6/30/2016, Amended by New Mexico Register, Volume XXX, Issue 11, June 11, 2019, eff. 6/11/2019