Section 19-10-69 - Grant of preference based upon application. - New Mexico Statutes

19-10-69. Grant of preference based upon application.

The oil  conservation commission shall examine each application from petroleum refineries within the state requesting a preference and  where it finds that the showing submitted is inadequate or unsatisfactory, it shall so notify the applicant and shall require  such additional showing as it deems necessary. Upon being satisfied that the applicant is a bona fide small business  enterprise operating an oil refinery in this state within the intent of this act [19-10-64 to 19-10-70 NMSA 1978], the  oil conservation commission shall notify the commissioner of public lands in writing that the applicant is eligible to be  granted a preference under this act, for the purchase of royalty oil.