New Mexico § 72-1-12 - Indian water rights settlement fund
Full text of New Mexico New Mexico Statutes Annotated § 72-1-12 — Indian water rights settlement fund, with citation guidance and answers to common questions.
§ 72-1-12. Indian water rights settlement fund
The “Indian water rights settlement fund” is created in the state treasury to facilitate
the implementation of the state's portion of Indian water rights settlements. The fund consists of appropriations, gifts, grants, donations, income from investment
of the fund and money otherwise accruing to the fund. Money in the fund shall not revert to any other fund at the end of a fiscal year. Money in the Indian water rights settlement fund shall be used to pay the state's
portion of the costs necessary to implement Indian water rights settlements approved
by the legislature and the United States congress. The interstate stream commission shall administer the fund and money in the fund
is appropriated to the commission to carry out the purposes of the fund. Money in the fund shall be disbursed on warrants of the secretary of finance and
administration pursuant to vouchers signed by an authorized representative of the
interstate stream commission.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 72-1-12
What does New Mexico Statutes Annotated § 72-1-12 cover?
Section 72-1-12 ("Indian water rights settlement 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 § 72-1-12?
A common citation format is "New Mexico Statutes Annotated § 72-1-12" (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 § 72-1-12 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.