N.M. Admin. Code § 19.2.8.6
Current through Register Vol. 35, No. 23, December 10, 2024
To clarify the definition of an agricultural lease, add specific guidelines for conducting appraisals of improvements located on state trust lands, update and clarify the procedures for documenting a lessee's improvements, delete the provision allowing applications to lease a part of the state trust lands held under an existing lease, require a lessee to fence land held under an agricultural lease unless the land is managed in conjunction with adjoining land, add language clarifying when a sublease is created, clarify aspects of processing multiple applications ("competitive bids") to lease the same trust land, and address other aspects of leasing lands under an agricultural lease of state trust lands.
N.M. Admin. Code § 19.2.8.6