N.M. Admin. Code § 19.2.100.15 - MINIMUM CHARGE

The minimum initial charge for any lease shall be one hundred dollars ($100.00) or the minimum rental rate, whichever is greater, plus the application fee as set forth in the schedule of fees. Minimum rental rate is computed by multiplying the rental rate by the acreage in each advertised tract.

Notes

N.M. Admin. Code § 19.2.100.15

19.2.100.15 NMAC - Rn, SLO Rule 1, Section 1.008, 12/13/2002, Adopted by New Mexico Register, Volume XXVII, Issue 12, June 30, 2016, eff. 6/30/2016