N.M. Admin. Code § 19.2.9.8 - LEASING STANDARDS
A. The
surface estate of any trust land may be leased under a business lease at the
discretion of the commissioner. A business lease may include more than one use,
and may encompass more than one parcel of trust land. For lands already under
any surface lease, the applicant shall comply with the procedures in
19.2.9.21 NMAC.
B. After receipt of an application as
provided in
19.2.9.9 NMAC, the commissioner
may request additional information from the applicant, as provided in
19.2.9.10 NMAC, and may enter into
negotiations for a non-bid lease.
C.
After receipt of an application as provided in
19.2.9.9 NMAC, or on the
commissioner's own initiative, the commissioner may offer to lease trust land
under a bid lease as provided in
19.2.9.11 NMAC.
D. Any applicant may withdraw an application
for a business lease at any time.
E.
Notwithstanding any other provision of 19.2.9 NMAC, and at any time before the
execution of a business lease, the commissioner may, at the commissioner's
discretion, reject any application or bid submitted under 19.2.9 NMAC and may
withhold from business leasing any trust land subject to the commissioner's
jurisdiction.
Notes
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