New Mexico § 19-9-12 - Performance bond
Full text of New Mexico New Mexico Statutes Annotated § 19-9-12 — Performance bond, with citation guidance and answers to common questions.
§ 19-9-12. Performance bond
Before commencing operations or development upon leased lands, a lessee shall execute
and file with the commissioner of public lands a good and sufficient bond or other
appropriate surety in an amount to be fixed by the commissioner to: A. guarantee the performance of all covenants and obligations under the coal lease,
including the obligation to pay royalties; B. ensure that all aspects of mining operations and reclamation operations are conducted
in conformity with the approved mining plan; and C. ensure compensation for damage to the surface or surface improvements in the absence
of an agreement between the coal lessee and any surface owner. The commissioner, in his discretion, may allow a bond filed with the mining and minerals
division of the energy, minerals and natural resources department pursuant to the
Surface Mining Act to satisfy the requirements of this section.
Frequently Asked Questions About New Mexico § 19-9-12
What does New Mexico Statutes Annotated § 19-9-12 cover?
Section 19-9-12 ("Performance bond") 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 § 19-9-12?
A common citation format is "New Mexico Statutes Annotated § 19-9-12" (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 § 19-9-12 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.