N.M. Admin. Code § 19.2.14.8

Current through Register Vol. 35, No. 23, December 10, 2024

Section 19.2.14.8 - LAND SUBJECT TO SALE

All lands, including lands acquired by escheat, shown upon the New Mexico state land office tract books to be open for sale, may be sold at public auction, at the discretion of the commissioner. All minerals of whatsoever kind, including but not limited to oil and gas, coal, sand and gravel, clay, shale, caliche and building stone, will be reserved to the state of New Mexico, together with the right to use so much of the surface as may be reasonably necessary to explore for and remove same. Such rights are subject to the right of the purchaser to be compensated for the purchaser's improvements lawfully placed upon the land. Geothermal resources are reserved under the same terms and conditions as minerals.

A. The beneficiary institution shall be advised of the receipt of any application to purchase.

B. All applications filed between August l and September 30 each year will be summarily rejected unless it is determined that they will not interfere with the annual surface lease renewal program.

N.M. Admin. Code § 19.2.14.8

12/31/99; 19.2.14.8 NMAC - Rn, 19 NMAC 3. SLO 14.8, 09/30/02, Amended by New Mexico Register, Volume XXX, Issue 11, June 11, 2019, eff. 6/11/2019