New Mexico Administrative Code
Title 19 - NATURAL RESOURCES AND WILDLIFE
Chapter 2 - STATE TRUST LANDS PART 24 CULTURAL PROPERTIES PROTECTION
Part 4 - RELATING TO LEASING OF STATE LANDS FOR SODIUM CHLORIDE OR COMMON SALT
Section 19.2.4.12 - RENTAL
Universal Citation: 19 NM Admin Code 19.2.4.12
Current through Register Vol. 35, No. 24, December 23, 2024
In lieu of advance royalty as provided in 19.2.4.11 NMAC, the lease may provide for payment of an annual payment at a negotiated rate, but not less than twenty-five dollars ($25.00) for each legal subdivision of forty (40) acres, more or less.
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