0001| HOUSE BILL 1278
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0002| 43rd legislature - STATE OF NEW MEXICO - first session, 1997
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0003| INTRODUCED BY
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0004| JOE M. STELL
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0007|
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0008|
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0009|
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0010| AN ACT
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0011| RELATING TO PUBLIC LANDS; PROVIDING THAT IMPROVEMENTS AND WATER
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0012| RIGHTS PLACED ON LAND PRIOR TO MAY 1, 1997 ARE INCLUDED IN THE
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0013| DEFINITION OF "IMPROVEMENTS"; AMENDING A SECTION OF THE NMSA
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0014| 1978.
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0015|
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0016| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
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0017| Section 1. Section 19-7-15 NMSA 1978 (being Laws 1963,
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0018| Chapter 237, Section 2, as amended) is amended to read:
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0019| "19-7-15. DEFINITION OF IMPROVEMENTS.--The word
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0020| "improvements", [herein] as used in Sections 19-7-14 through
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0021| 19-7-18 NMSA 1978, shall include appurtenant water rights and
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0022| all improvements placed upon the land in compliance with
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0023| Section [7-8-53 NMSA 1953] 19-7-51 NMSA 1978, and shall
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0024| include those appurtenant water rights and improvements placed
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0025| upon the land prior to [March 1, 1955] May 1, 1997, whether
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0001| or not the value [be] is in excess of the amount prescribed
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0002| by Section [7-8-53 NMSA 1953] 19-7-51 NMSA 1978.
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0003| Appurtenant water rights and improvements placed upon the land
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0004| after [March 1, 1955] May 1, 1997 but prior to [March 1,
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0005| 1975] May 1, 2007 may be included by the commissioner in
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0006| accordance with rules and regulations adopted by the
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0007| commissioner."
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