Section 19-13-28 – Collateral assignment of leases.
Any lease for geothermal resources in good standing, together with improvements placed on the land thereunder, may be assigned as collateral security under the same procedures and in the same manner as provided by law for filing, recording, approval, release and foreclosure of state land purchase contracts issued by the commissioner. When any assignment pursuant […]
Section 19-14-1 – Commissioner of public lands to reserve certain rights to the state in leases or other conveyances of any mineral interests or rights to minerals in state lands.
In any lease or other conveyance of state lands granting any interest in or rights to minerals of whatsoever kind, including oil and gas, in those lands executed by the commissioner of public lands after the effective date of this section, the following reservation of rights to the state shall be made: “The state has […]
Section 19-14-2 – Waiver of requirements for reservation of rights in leases or conveyance for specific minerals; procedures for waiver.
A. The commissioner of public lands may waive by written order the reservation of rights required under Section 1 [19-14-1 NMSA 1978] of this act in respect to any specific mineral, other than fossil fuels, for which there is no significant consumptive use within the state, but such order may be made only: (1) after […]
Section 19-14-3 – Disposal of minerals by commissioner of public lands.
The commissioner of public lands shall dispose of any minerals reserved under this act [19-14-1 to 19-14-3 NMSA 1978] at the best price available in order to gain the maximum benefit for the trust beneficiaries. History: 1953 Comp., § 7-16-3, enacted by Laws 1973, ch. 26, § 3.
Section 19-15-1 to 19-15-10 – Repealed.
ANNOTATIONS Repeals. — Laws 1981, ch. 241, § 13, repealed 19-15-1 to 19-15-10 NMSA 1978, as enacted by Laws 1980, ch. 153, §§ 1 to 10 and as amended by Laws 1981, ch. 241, § 13, relating to administration of public lands, effective July 1, 1990.
Section 19-13-17 – Use of the surface.
Subject to the provisions of the Geothermal Resources Act, any person holding a lease for geothermal resources shall be entitled to use so much of the surface as is reasonably necessary as determined by the commissioner for the production and conservation of geothermal resources. History: 1953 Comp., § 7-15-17, enacted by Laws 1967, ch. 158, […]
Section 19-13-18 – Bonds; surface damage; performance.
A. Before any person commences development or operations of geothermal resources under a lease, including any prospecting activity on the leased land, the person holding the lease shall execute and file with the commissioner, a bond or undertaking in an amount fixed by the commissioner which shall not be less than five thousand dollars ($5,000) […]
Section 19-13-19 – State lands; jurisdictions.
Where the surface of state lands sought for use or development of geothermal resources or the waters thereon are under the jurisdiction of a state department or agency other than the commissioner, the commissioner may issue leases under the Geothermal Resources Act only with the consent of and subject to such reasonable terms and conditions […]
Section 19-13-20 – General mining lease; lease preference.
Notwithstanding any other provision of the Geothermal Resources Act, at any time within ninety days following the effective date of the Geothermal Resources Act, any person who held prior to January 1, 1967 and who holds on the effective date of the Geothermal Resources Act, a general mining lease issued by the commissioner, upon showing […]
Section 19-13-21 – Transferability.
Any lease pursuant to the Geothermal Resources Act may be assigned, transferred or sublet with the approval of the commissioner. History: 1953 Comp., § 7-15-21, enacted by Laws 1967, ch. 158, § 21. ANNOTATIONS Cross references. — For assignment or relinquishment of lease of state lands, see 19-7-36 NMSA 1978. For assignment of mineral lease, […]