Section 69-10-1 – Short title.

This act [69-10-1 to 69-10-4 NMSA 1978] may be cited as the “Mineral Resources Development Act.” History: 1953 Comp., § 63-33-1, enacted by Laws 1967, ch. 254, § 1.

Section 69-10-2 – Public policy.

The legislature finds and declares that: A. the exploitation of New Mexico’s mineral resources provides an opportunity for highly paid jobs for New Mexicans; B. the successful exploitation of minerals shall be encouraged by the state of New Mexico; C. New Mexico has been very successful in the past in exploiting minerals with visual observational […]

Section 69-10-3 – Technological studies; economist.

New Mexico institute of mining and technology is directed to use its mineral resource economist to undertake studies aimed at developing technology which will make possible the profitable exploitation of New Mexico’s mineral resources. This effort should be aimed initially at those minerals development opportunities which offer the best hope of successful exploitation and the […]

Section 69-10-4 – Development.

It shall be the responsibility of the department of development [economic development division] to locate suitable private enterprises and interest them in the development of the profit opportunity uncovered by the minerals [mineral] resource economist. History: 1953 Comp., § 63-33-4, enacted by Laws 1967, ch. 254, § 5. ANNOTATIONS Bracketed material. — The bracketed material […]