Section 19-10-64 - [Royalties paid in oil; sale of;] purpose of act

The purpose of this act [19-10-64 to 19-10-70 NMSA 1978] is to assist small business enterprise within the state by encouraging the establishment and operation of petroleum refineries not having an adequate supply of refinery charge stocks through granting a preference to such petroleum refineries in the sale of state royalty oil accruing from public land oil and gas leases. History: 1953 Comp., § 7-11-57, enacted by Laws 1967, ch. 34, § 1. ANNOTATIONSBracketed material. — The bracketed material was inserted by the compiler and is not part of the law.