New Mexico Statutes

§ 72-14-3.3 — Interstate stream commission; additional powers;

New Mexico § 72-14-3.3
JurisdictionNew Mexico
Ch. 72Water Law
Art. 14Interstate Stream Commission; Protection of

This text of New Mexico § 72-14-3.3 (Interstate stream commission; additional powers;) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
N.M. Stat. Ann. § 72-14-3.3 (2026).

Text

strategic water reserve.

A.The interstate stream commission shall establish a strategic water reserve and may purchase or lease from willing sellers or lessors or receive through donation surface water or water rights or storage rights to compose the reserve. The commission may also purchase or lease from willing sellers or lessors or receive by donation underground water or water rights for the strategic water reserve for cessation of pumping or limited short-term stream augmentation. At no time shall the use of water or water rights held by the strategic water reserve result in an increase in net depletions in any basin. The commission shall pay no more than the appraised market value to purchase or lease water or water rights and storage rights for the strategic water reserve. The comm

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Legislative History

Laws 2005, ch. 175, § 1; 2005, ch. 182, § 1; 2007, ch. 31, § 1; 2025, ch. 56, §

Nearby Sections

15
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Bluebook (online)
New Mexico § 72-14-3.3, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/72/72-14-3.3.