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.
§ 19-10-64 NMSA 1978
[Royalties paid in oil; sale of;] purpose of act
1953 Comp., § 7-11-57, enacted by Laws 1967, ch. 34, § 1.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.