N.M. Stat. Ann. § 72-4A-4
A. The "water trust board" is created. The board is composed of the following sixteen members:
(10) five public members appointed by the governor and confirmed by the senate and who represent:
(12) the president of the Navajo Nation or the president's designee.
B. The chair of the board shall be elected by a quorum of the board members. The board shall meet at the call of the chair or whenever three members submit a request in writing to the chair, but not less often than once each calendar year. A majority of members constitutes a quorum for the transaction of business. The affirmative vote of at least a majority of a quorum present shall be necessary for an action to be taken by the board.
C. Each public member of the board appointed by the governor shall be appointed to a four-year term. To provide for staggered terms, two of the initially governor-appointed public members shall be appointed for terms of two years and three members for terms of four years. Thereafter, all governor-appointed members shall be appointed for four-year terms. Vacancies shall be filled by appointment by the governor for the remainder of the unexpired term.
D. Public members of the board shall be reimbursed for attending meetings of the board as provided for nonsalaried public officers in the Per Diem and Mileage Act [10-8-1 to 10-8-8 NMSA 1978] and shall receive no other compensation, perquisite or allowance.
E. Public members of the board are appointed public officials of the state while carrying out their duties and activities under the Water Project Finance Act.
History: Laws 2001, ch. 164, § 4; 2007, ch. 7, § 1.
Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law. Laws 2025, ch. 9, § 11 provided that references in law to the department of game and fish shall be deemed to be references to the department of wildlife.
The 2007 amendment, effective June 15, 2007, changed the number of members from fifteen to sixteen in Subsection A; deleted the former provision in Paragraph (1) of Subsection A that the state engineer is the chairman of the board; added the secretary of finance and administration or the secretary’s designee as a member in Paragraph (2) of Subsection A; added the provision in Paragraph (3) of Subsection A that the designee of the executive director of the New Mexico finance authority may be a member; and provided in Subsection B that the chair of the board shall be elected by a quorum of the board members.