New Mexico Administrative Code
Title 19 - NATURAL RESOURCES AND WILDLIFE
Chapter 2 - STATE TRUST LANDS PART 24 CULTURAL PROPERTIES PROTECTION
Part 14 - PERTAINING TO LAND SALES
Section 19.2.14.12 - QUALIFICATION OF BIDDERS
Universal Citation: 19 NM Admin Code 19.2.14.12
Current through Register Vol. 35, No. 18, September 24, 2024
In order to qualify as a bidder, the prospective bidder shall deposit with the commissioner:
A. A deposit to cover the cost of sale, as set forth in the notice of sale.
B. Ten percent of the appraised value of the lands.
C. The appraised value of the improvements, a waiver of payment of such amount signed by the owner of the improvements, or a bond sufficient to cover the appraised value if an appeal is to be taken, unless the prospective bidder is the owner of the improvements.
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