New Mexico § 19-10-15 - Rental; limits; first year; rental districts; alteration; maximum size of lease; rent where lease crosses district line
Full text of New Mexico New Mexico Statutes Annotated § 19-10-15 — Rental; limits; first year; rental districts; alteration; maximum size of lease; rent where lease crosses district line, with citation guidance and answers to common questions.
§ 19-10-15. Rental; limits; first year; rental districts; alteration; maximum size of lease; rent where lease crosses district line
All leases issued by the commissioner of public lands shall provide for an annual
rental to be paid by the lessee, the amount thereof to be fixed by the commissioner,
but in no case shall the same be less than five cents [($.05)] nor more than one dollar
[($1.00)] per acre, except during the secondary term of the leases provided for herein;
provided the first year's rental for any lease, except leases issued pursuant to relinquishment
under Section 8 of this act, shall not be less than one hundred dollars ($100). It shall be the duty of the commissioner to classify and divide all state lands subject
to lease hereunder, into districts to be known as “rental” districts, and thereupon
prescribe the rental per acre to be paid under leases to be made upon lands in the
respective rental districts, and upon such division shall post in a conspicuous place
in the state land office a description of such districts and the rental prevailing
in each; provided, however, the commissioner may, from time to time, alter or change
the boundaries of such districts, or redistrict all of said lands, and increase or
diminish the rental prevailing in each, but any change in the boundaries of the districts,
or amount of rental, shall not become effective until ten days after giving notice
thereof by posting a description, or list, of such changes, in a conspicuous place
in the state land office. Not more than six thousand, four hundred (6,400) acres of land may be embraced within
any one lease, and where part of the lands in any lease are situated in one rental
district and part thereof in another, or other districts, the lessee shall be required
to pay the rental prevailing in the district wherein part of the lands affected are
situated having the highest rental.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 19-10-15
What does New Mexico Statutes Annotated § 19-10-15 cover?
Section 19-10-15 ("Rental; limits; first year; rental districts; alteration; maximum size of lease; rent where lease crosses district line") 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 § 19-10-15?
A common citation format is "New Mexico Statutes Annotated § 19-10-15" (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 § 19-10-15 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.