The commissioner's authority to manage the state trust lands is found in N.M. Const., Art. XIII, Section 2, and in Section 19-1-1 NMSA 1978. The authority to promulgate this rule is found in Section 19-1-2 NMSA 1978.

[12/31/1999; 19.2.14.3 NMAC - Rn, 19 NMAC 3. SLO 14.3, 9/30/2002]