SB 493: WATER RIGHTS LEASES EFFECTIVE DATES

An Act Relating To Water; Clarifying That A Lease Of A Water Right And Subsequent Use Of Water Shall Not Take Effect Until After The Application Has Been Approved In Accordance With Law; Declaring An Emergency.

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MILD SB 493
WATER RIGHTS LEASES EFFECTIVE DATES

Legislative URL:

SB 493 on nmlegis.gov

Emergency Clause:

Yes

Germane:

N/A

Location:

- HOUSE -

Action:

[5] SCONC/SJC-SCONC [22] DP-SJC [30] DP [39] PASSED/S (29-9)- HJC API.

Issue(s):

Water Quality & Supply

Related Legislators

Bill Sponsor:

Peter Wirth Andy Nunez

Related Documents

Downloads:

Introduced
SCONC Committee Report
SJC Committee Report
Final Senate Vote
Fiscal Impact Report

Summary

This bill, with the emergency clause, clarifies that a lease of a water right and subsequent use of water will not take effect until after the application is made, notice and opportunity for hearing is provided, and the application is approved by the State Engineer.

A potential benefit of this bill might be that the parties to a water rights lease will be less likely to “jump the gun” and act as if the lease has been approved when it has not.