New Mexico § 19-8-4 - Leases for certain minerals; rentals; royalty
Full text of New Mexico New Mexico Statutes Annotated § 19-8-4 — Leases for certain minerals; rentals; royalty, with citation guidance and answers to common questions.
§ 19-8-4. Leases for certain minerals; rentals; royalty
The commissioner is authorized to issue leases for the development, exploration and
production of potassium, sodium, phosphorus and other minerals of similar occurrence
and their salts and compounds, including chlorides, sulphates, carbonates, borates,
silicates, nitrates and any and all other salts and compounds of the minerals on any
lands of the state upon such terms and conditions as he may deem to be for the best
interests of the state and conformable to Sections 19-8-4 through 19-8-7 NMSA 1978 . The minimum first year's rental for such leases shall be one hundred dollars ($100),
and in all cases there shall be reserved to the state a royalty to be established
by regulation issued under the provisions of Section 19-8-7 NMSA 1978 . The commissioner may amend any lease in existence on the effective date of this
amendment to reflect any regulation in effect at the time of the amendment to the
lease.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 19-8-4
What does New Mexico Statutes Annotated § 19-8-4 cover?
Section 19-8-4 ("Leases for certain minerals; rentals; royalty") 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 § 19-8-4?
A common citation format is "New Mexico Statutes Annotated § 19-8-4" (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 § 19-8-4 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.