There Is a Newer Version
of
the New Mexico Statutes
2011 New Mexico Statutes
Chapter 19: Public Lands
Article 13: Lease of Geothermal Resources on State Lands, 19-13-1 through 19-13-28
Section 19-13-9: Rent or royalties; waiver; suspension; reduction.
Universal Citation:
NM Stat § 19-13-9 (1996 through 1st Sess 50th Legis)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
19-13-9. Rent or royalties; waiver; suspension; reduction.
The commissioner may, after a public hearing, waive, suspend or reduce the rental or minimum royalty for the lands included in a lease, or any portion thereof, and waive, suspend, alter or amend the operating requirements contained in a lease or regulation in the interest of conservation and to encourage the greatest ultimate recovery of geothermal resources if he determines that such action is necessary or beneficial to promote development or finds that the lease cannot be successfully operated under the terms of the lease or regulations.
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