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NM SB16

NM SB16
Water Leasing Approval


summary

Introduced
02/17/2021
In Committee
03/01/2021
Crossed Over
Passed
Dead
03/20/2021

Introduced Session

2021 Regular Session

Bill Summary

AN ACT RELATING TO WATER; PROVIDING THAT A LEASE OF WATER UNDER A WATER RIGHT AND SUBSEQUENT USE OF THAT WATER SHALL NOT TAKE EFFECT UNTIL AFTER THE APPLICATION HAS BEEN APPROVED IN ACCORDANCE WITH LAW; MAKING A TECHNICAL CROSS-REFERENCE CORRECTION; PROVIDING A JULY 1, 2023 EFFECTIVE DATE.

AI Summary

This bill amends existing New Mexico law to provide that a lease of water under a water right and the subsequent use of that water shall not take effect until after the application has been approved in accordance with the law. The bill clarifies the terms and conditions under which water can be leased, including the maximum lease terms for different types of entities. The bill also makes a technical cross-reference correction and sets a July 1, 2023 effective date for the new provisions.

Committee Categories

Agriculture and Natural Resources, Justice

Sponsors (3)

Last Action

SCONC: Reported by committee with Do Pass recommendation (on 03/01/2021)

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