The legislature finds that the people of New Mexico have a direct interest in the development of geothermal resources and that the state should exercise its power and jurisdiction through the division to require that geothermal resources be explored, developed and produced in such a manner as to safeguard life, health, property, natural resources and the public welfare and to encourage maximum economic recovery.
History: Laws 2016, ch. 71, § 2 and Laws 2016, ch. 78, § 2.
ANNOTATIONS
Effective dates. — Laws 2016, ch. 71, § 15 and Laws 2016, ch. 78, § 15 made the Geothermal Resources Development Act, §§ 71-9-1 to 71-9-11 NMSA 1978, effective July 1, 2016.
Compiler’s notes. — Laws 2016, ch. 71, § 2 and Laws 2016, ch. 78, § 2, both effective July 1, 2016, enacted identical new sections. The section was set out as enacted by Laws 2016, ch. 78, § 2. See 12-1-8 NMSA 1978.