A. The consensus and advice of the state land trusts advisory board are intended to provide a continuity for resource management and to help the commissioner of public lands with understanding and maintaining the highest standards for maximizing the income from the trust assets, and to protect and maintain the assets and resources of the trust as required by the constitution of New Mexico, the Enabling Act for New Mexico and state statute. To that end, the board shall review the policies and practices of the commissioner of public lands and shall advise the commissioner on how such policies and practices affect and achieve those goals.
B. No action of the state land trusts advisory board shall be binding on the commissioner of public lands, who alone has the constitutional and fiduciary responsibility as trustee for the trusts.
C. The commissioner of public lands shall hold at least one meeting per year jointly with the state land trusts advisory board and the administrative head or designee of the beneficiary institutions. At annual beneficiary meetings the commissioner shall inform and discuss with the representatives of the beneficiaries and the board the plans, goals, objectives, budget, revenue projections, asset management issues and all other pertinent information regarding the state land trusts.
History: Laws 1989, ch. 186, ยง 4.
Structure 2021 New Mexico Statutes
Article 1 - Commissioner of Public Lands; Disposition of Revenue
Section 19-1-1.1 - State land trusts advisory board; members; appointment; terms.
Section 19-1-1.2 - State land trusts advisory board; removal of members; vacancies.
Section 19-1-1.3 - State land trusts advisory board; organization; meetings.
Section 19-1-1.4 - State land trusts advisory board; duties.
Section 19-1-2 - Duties of land commissioner.
Section 19-1-2.1 - Confidential information; penalty.
Section 19-1-3 - Delinquent payments; interest.
Section 19-1-4 - [Oath and bond.]
Section 19-1-5 - [Land commission under Enabling Act; members; officers; locating agents.]
Section 19-1-6 - [Assistant commissioner; chief clerk; clerical force.]
Section 19-1-8 - Filing of official appointment; revocation; bond.
Section 19-1-9 - [Additional assistance to defend contest suits.]
Section 19-1-10 - [Duties and bonds of subordinates; expenses payable from maintenance fund.]
Section 19-1-12 - State land office; expenses; how paid.
Section 19-1-13 - Maintenance fund balance; apportionment.
Section 19-1-14 - [Separate accounts; payment of deficiencies; exception.]
Section 19-1-16 - [Deposit of money derived from state lands.]
Section 19-1-17 - Permanent, income and current funds; creating deposits.
Section 19-1-18 - Sources of special funds.
Section 19-1-19 - Public buildings at capital, permanent fund; investment.
Section 19-1-20 - Transfers and distributions of funds for schools and institutions.
Section 19-1-21 - Copies of records; fees; use as evidence.
Section 19-1-22 - [Contracts for potash land exploration.]
Section 19-1-23 - [Rules and regulations for land office; posting changes.]
Section 19-1-24 - [Publication of rules and regulations; distribution of copies.]