§ 19-13-1 Short title
§ 19-13-2 Definitions
§ 19-13-3 Administration of act
§ 19-13-4 Geothermal resources of commercial value
§ 19-13-5 Leases; applications; limitations
§ 19-13-6 Known geothermal resources fields
§ 19-13-7 Leases; terms; rentals and royalties
§ 19-13-8 Leases; relinquishment
§ 19-13-9 Rent or royalties; waiver; suspension; reduction
§ 19-13-10 Suspension of operation and production
§ 19-13-11 Leases; duration
§ 19-13-11.1 Leases; stipulation; rental; royalty
§ 19-13-11.2 Validation of geothermal resource leases
§ 19-13-12 Combining geothermal resources
§ 19-13-13 Reinjecting geothermal resources
§ 19-13-14 Cooperative development or operation
§ 19-13-15 Posting of open acreage; simultaneous applications
§ 19-13-16 State land sales and leases; reservations
§ 19-13-17 Use of the surface
§ 19-13-18 Bonds; surface damage; performance
§ 19-13-19 State lands; jurisdictions
§ 19-13-20 General mining lease; lease preference
§ 19-13-21 Transferability
§ 19-13-22 Inspection of records; reports
§ 19-13-23 Violation of lease; notice; forfeiture
§ 19-13-24 Removing improvements upon termination of lease
§ 19-13-25 Regulations
§ 19-13-26 Withholding state lands from lease; lease by competitive bids
§ 19-13-27 Public hearings
§ 19-13-28 Collateral assignment of leases
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Terms Used In New Mexico Statutes > Chapter 19 > Article 13 - Lease of Geothermal Resources On State Lands

  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.