Section 76-11-9 - Commercial value. - New Mexico Statutes

76-11-9. Commercial value.

For the purpose of determining the commercial values to be applied under the provisions of Section 76-11-8 NMSA 1978, the department shall determine and publish annually the values per pound of nitrogen, available phosphoric acid and soluble potash in commercial fertilizers in this state. If guarantees are provided, the values shall be per pound of nitrogen, phosphorus and potassium. The values so determined and published shall be used in determining and assessing penalties.