N.M. Admin. Code § 19.10.2.205 - LATE FEES

A late fee shall be charged for fees that are paid after the due date of April 30^th, each year. The late fee shall consist of (i) $100 to cover administrative costs associated with the late payment and (ii) interest on the amount of the unpaid fees at an annual rate of fifteen percent (15%), compounded daily. The late fee will be applied to the mining act fund that is created by Section 69-36-19 of the New Mexico Mining Act.

Notes

N.M. Admin. Code § 19.10.2.205

11-15-95, 12-15-95, 2-15-96, 5-31-97, 6-30-99; 19.10.2.205 NMAC - Rn, 19 NMAC 10.2.2.205, 05-15-2001; A, 12-28-01; A, 04-30-03; 19.10.2.205 NMAC - N, 2-15-12