Each application to purchase timber on state trust land must be accompanied by the application fee as set forth in the schedule of fees and a five hundred dollar ($500.00) deposit, unless a different deposit sum is required to cover the expenses of appraisal, advertising and sale. The advertisement will specify time, date and place of public sale, together with the description of the lands containing timber to be sold.
N.M. Admin. Code § 19.2.13.11