N.M. Stat. § 19-5-9

Current through 2024, ch. 69

Section 19-5-9 - Water developed by lessee; credit

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.

NMS § 19-5-9

Laws 1912, ch. 82, § 46; Code 1915, § 5224; C.S. 1929, § 132-147; 1941 Comp., § 8-609; 1953 Comp., § 7-6-9.