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NEW MEXICO STATUTES AND CODES
Section 19-5-9 - Water developed by lessee; credit.
19-5-9. [Water developed by lessee; credit.]
The commissioner may contract with lessees of state lands to develop water thereon, and in consideration of any such improvement the lessee shall be credited with not to exceed one-third of the rental value of the land leased during the term of the lease.
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