New Mexico Code § 7-29A-4

Notification to the secretary of taxation and revenue; duties of the secretary
Open in Lexace · Ask the AI about this section
duties of the secretary.
A. The division shall immediately notify the secretary of taxation and revenue upon:
(1) certifying that a positive production response has occurred for an
enhanced oil recovery project, in which case the notice shall contain the date
certification was made and the date positive production response occurred;
(2) receiving notification of termination of an enhanced recovery project, in
which case the notice shall contain the date of termination; and
(3) adopting and promulgating rules and regulations pursuant to the
provisions of the Enhanced Oil Recovery Act.
B. The secretary of taxation and revenue shall adopt and promulgate rules and
regulations to enforce the provisions of the Enhanced Oil Recovery Act.
History: Laws 1992, ch. 38, § 4.

‹ Prev All New Mexico sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.