New Mexico Statutes
§ 73-2-55.1 — Water banking; acequias and community ditches
New Mexico § 73-2-55.1
This text of New Mexico § 73-2-55.1 (Water banking; acequias and community ditches) 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. § 73-2-55.1 (2026).
Text
An acequia or community ditch may establish a water bank for the purpose of temporarily reallocating water without change of purpose of use or point of diversion to augment the water supplies available for the places of use served by the acequia or community ditch. The acequia or community ditch water bank may make temporary transfers of place of use without formal proceedings before the state engineer, and water rights placed in the acequia or community ditch water bank shall not be subject to loss for non-use during the period the rights are placed in the water bank. An acequia or community ditch water bank established pursuant to this section is not subject to recognition or approval by the interstate stream commission or the state engineer.
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Legislative History
Laws 2003, ch. 54, § 1 and Laws 2003, ch. 132, § 1.
Nearby Sections
15
§ 73-1-1
[Purpose of districts.]§ 73-1-15
[District court procedure; notice.]Cite This Page — Counsel Stack
Bluebook (online)
New Mexico § 73-2-55.1, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/73/73-2-55.1.