New Mexico § 73-2-55.1 - Water banking; acequias and community ditches
Full text of New Mexico New Mexico Statutes Annotated § 73-2-55.1 — Water banking; acequias and community ditches, with citation guidance and answers to common questions.
§ 73-2-55.1. Water banking; acequias and community ditches
An acequia or community ditch may establish a water bank for the purpose of temporarily
reallocating water without change of purpose of use or point of diversion to augment
the water supplies available for the places of use served by the acequia or community
ditch. The acequia or community ditch water bank may make temporary transfers of place
of use without formal proceedings before the state engineer, and water rights placed
in the acequia or community ditch water bank shall not be subject to loss for non-use
during the period the rights are placed in the water bank. An acequia or community ditch water bank established pursuant to this section is
not subject to recognition or approval by the interstate stream commission or the
state engineer.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 73-2-55.1
What does New Mexico Statutes Annotated § 73-2-55.1 cover?
Section 73-2-55.1 ("Water banking; acequias and community ditches") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 73-2-55.1?
A common citation format is "New Mexico Statutes Annotated § 73-2-55.1" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 73-2-55.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.