N.M. Admin. Code § 19.2.4.10 - TERM
Leases will be made upon forms prescribed and furnished by the commissioner and ordinarily will be for a term of 10 years and as long thereafter as salt in paying quantities shall be produced from the leased land. The commissioner reserves the right to issue leases for a primary or fixed term less than 10 years when under the circumstances the commissioner deems a shorter term to be in the best interest of the trust.
Notes
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