HOUSE BILL 502

57th legislature - STATE OF NEW MEXICO - first session, 2025

INTRODUCED BY

Susan K. Herrera and Kathleen Cates and Anita Gonzales

and Patricia A. Lundstrom

 

 

 

 

AN ACT

RELATING TO ACEQUIA RIGHTS AND WATER RIGHTS; DESIGNATING ACEQUIA RIGHTS AND WATER RIGHTS AS MATERIAL FACTS IN REAL ESTATE TRANSACTIONS.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

     SECTION 1. [NEW MATERIAL] ACEQUIA RIGHTS AND OBLIGATIONS--WATER RIGHTS--REAL ESTATE TRANSACTIONS.--Acequia rights and obligations and water rights are material facts in a real estate transaction.

     SECTION 2. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 2025.

.230283.3