Statutes > New Mexico Statutes > Chapter 19 - Public Lands. > Article 5 - Classification, Care and Protection of State Lands, 19-5-1 through 19-5-10. > Section 19-5-9 - Water developed by lessee; credit.

Section 19-5-9 - Water developed by lessee; credit.

19-5-9. [Water developed by lessee; credit.]

The commissioner may contract with lessees of state lands to develop water thereon, and in consideration of any such improvement the lessee shall be credited with not to exceed one-third of the  rental value of the land leased during the term of the lease.