The rental charge for such leases will be negotiated but shall in no event be less than ten cents ($.10) per acre, or fraction thereof, payable annually in advance, but the minimum first (1st) year's rental will be one hundred dollars ($100.00) in any event as provided by Section 19-8-4 NMSA 1978.

[12/31/1999; 19.2.3.11 NMAC - Rn, 19 NMAC 3. SLO 3.11, 9/30/2002]