New Mexico Administrative Code
Title 19 - NATURAL RESOURCES AND WILDLIFE
Chapter 2 - STATE TRUST LANDS PART 24 CULTURAL PROPERTIES PROTECTION
Part 3 - LEASING OF POTASSIUM, SULPHUR, SODIUM, PHOSPHORUS AND SIMILAR MINERALS AND THEIR SALTS AND COMPOUNDS EXCEPT SODIUM CHLORIDE
Section 19.2.3.11 - RENTAL
Universal Citation: 19 NM Admin Code 19.2.3.11
Current through Register Vol. 35, No. 24, December 23, 2024
The rental charge for such leases will be negotiated but shall in no event be less than ten cents ($.10) per acre, or fraction thereof, payable annually in advance, but the minimum first (1st) year's rental will be one hundred dollars ($100.00) in any event as provided by Section 19-8-4 NMSA 1978.
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