New Mexico § 7-1-6.21 - Distribution to oil and gas reclamation fund
Full text of New Mexico New Mexico Statutes Annotated § 7-1-6.21 — Distribution to oil and gas reclamation fund, with citation guidance and answers to common questions.
§ 7-1-6.21. Distribution to oil and gas reclamation fund
A. With respect to any period for which the rate of the tax imposed by Section 7-30-4 NMSA 1978 is nineteen-hundredths percent, a distribution pursuant to Section 7-1-6.20 NMSA 1978 shall be made to the oil and gas reclamation fund in an amount equal to two-nineteenths
of the net receipts attributable to the tax imposed under the Oil and Gas Conservation
Tax Act. B. With respect to any period for which the total rate of the tax imposed on oil by Section 7-30-4 NMSA 1978 is twenty-four hundredths percent, a distribution pursuant to Section 7-1-6.20 NMSA 1978 shall be made to the oil and gas reclamation fund in an amount equal to nineteen
and seven-tenths percent of the net receipts attributable to the tax imposed under
the Oil and Gas Conservation Tax Act.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 7-1-6.21
What does New Mexico Statutes Annotated § 7-1-6.21 cover?
Section 7-1-6.21 ("Distribution to oil and gas reclamation fund") 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 § 7-1-6.21?
A common citation format is "New Mexico Statutes Annotated § 7-1-6.21" (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 § 7-1-6.21 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.