New Mexico Administrative Code
Title 19 - NATURAL RESOURCES AND WILDLIFE
Chapter 10 - NON-COAL MINING
Part 2 - FEES
Section 19.10.2.205 - LATE FEES
Universal Citation: 19 NM Admin Code 19.10.2.205
Current through Register Vol. 35, No. 6, March 26, 2024
A late fee shall be charged for fees that are paid after the due date of April 30th, each year. The late fee shall consist of (i) $100 to cover administrative costs associated with the late payment and (ii) interest on the amount of the unpaid fees at an annual rate of fifteen percent (15%), compounded daily. The late fee will be applied to the mining act fund that is created by Section 69-36-19 of the New Mexico Mining Act.
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