2011 New Mexico Statutes
Chapter 19: Public Lands
Article 9: Lease of Coal Lands, 19-9-1 through 19-9-16
Section 19-9-9: Coal leases; authorization; competitive bids.
19-9-9. Coal leases; authorization; competitive bids.
The commissioner of public lands may execute and issue leases for the exploration, development and production of coal from state trust lands. Leases shall be issued only to the highest bidder either by sealed bid or at public auction; provided, however, the commissioner may in his discretion withhold any tract from leasing and may reject all bids offered for any tract if he determines that withholding or rejection is in the best interest of the trust beneficiaries.
Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
