Statutes > New Mexico Statutes > Chapter 19 - Public Lands. > Article 10 - Lease of Oil and Gas Lands, 19-10-1 through 19-10-70. > Section 19-10-64 - [Royalties paid in oil; sale of;] purpose of act.

Section 19-10-64 - [Royalties paid in oil; sale of;] purpose of act.

19-10-64. [Royalties paid in oil; sale of;] purpose of act.

The purpose of this act  [19-10-64 to 19-10-70 NMSA 1978] is to assist small business enterprise within the state by encouraging the establishment  and operation of petroleum refineries not having an adequate supply of refinery charge stocks through granting a preference  to such petroleum refineries in the sale of state royalty oil accruing from public land oil and gas leases.