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Form a Business

Findings and purpose

NMSA 1978, § 70-11-7
in effect
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70-11-7. Findings and purpose A. The legislature finds that: (1) the natural gas industry is an important contributor to the New Mexico economy, as a significant source of both employment and direct state revenues; (2) New Mexico ranks second among the states in onshore natural gas reserves and will likely continue to be a major producer of natural gas for the foreseeable future; (3) a study funded by Laws 1996, Chapter 7 concluded that an additional pipeline capable of transporting New Mexico natural gas to additional markets was, at that time, not economically feasible; and (4) the study should be updated on a regular basis and the results reported to the legislature. B. The purpose of this act is to provide a mechanism for monitoring the need for an additional natural gas pipeline in New Mexico. Laws 2003, ch. 196, § 1.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18573/index.do#!b/70-11-7Fetched: 10/20/2026

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