N.M. Admin. Code § 19.2.2.78
Current through Register Vol. 35, No. 23, December 10, 2024
Lessee shall pay interest at the rate of one percent per month on any late payment of rents, royalties or other payments required under the mineral lease. If the lessee fails to pay the entire amount owed, then interest shall accrue on the unpaid portion. Interest shall begin to accrue on the day the payment becomes due and continue to accrue daily until payment is made.
N.M. Admin. Code § 19.2.2.78