This state and its people consent to the provisions of the act of congress, approved June 15, 1926, providing for such exchanges and the governor and other state officers mentioned in said act are hereby authorized to execute the necessary instrument or instruments to effect the exchange of lands therein provided for with the government of the United States; provided that in the determination of values of the lands now owned by the state of New Mexico, the value of the lands, the timber thereon and mineral rights pertaining thereto shall control the determination of value. The legislature may enact laws for the carrying out of the provisions hereof in accordance herewith. (As added November 8, 1932.)

ANNOTATIONS

The 1932 amendment to Article XXI, which was proposed by the senate steering committee substitute for H.J.R. No. 10 (Laws 1931) and was adopted at the general election held on November 8, 1932, by a vote of 36,575 for and 16,349 against, added this section.

Compiler's notes. — An amendment to this article, proposed by H.J.R. No. 9 (Laws 1990), which would have added a new Section 12 providing authorization for the commissioner of public lands to exchange land under his control for land of the United States, a state agency or political subdivision, a public lands beneficiary, an Indian tribe or pueblo, or a private entity was submitted to the people at the general election held on November 6, 1990. It was defeated by a vote of 129,889 for and 177,245 against.

"Such exchanges". — "Such exchanges" near the beginning of this section refers to exchanges of state timberlands, scattered throughout the state, for larger tracts of federal grazing lands. See preamble to senate steering committee substitute for H.J.R. No. 10 (proposing this section) in Laws 1931.