Section 19-10-64 - [Royalties paid in oil; sale of;] purpose of act. - New Mexico Statutes

19-10-64. [Royalties paid in oil; sale of;] purpose of act.

The purpose of this act  [19-10-64 to 19-10-70 NMSA 1978] is to assist small business enterprise within the state by encouraging the establishment  and operation of petroleum refineries not having an adequate supply of refinery charge stocks through granting a preference  to such petroleum refineries in the sale of state royalty oil accruing from public land oil and gas leases.