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[Royalties paid in oil; sale of;] purpose of act

NMSA 1978, § 19-10-64
in effect
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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. 1953 Comp., § 7-11-57, enacted by Laws 1967, ch. 34, § 1.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18519/index.do#!b/19-10-64Fetched: 10/20/2026

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