{"data":{"id":"us-nm/70-11-7","jurisdiction":"us-nm","citation":"70-11-7","heading":"Findings and purpose.","body":"A. The legislature finds that:\n(1) the natural gas industry is an important contributor to the New Mexico economy, as a significant source of both employment and direct state revenues;\n(2) New Mexico ranks second among the states in onshore natural gas reserves and will likely continue to be a major producer of natural gas for the foreseeable future;\n(3) a study funded by Laws 1996, Chapter 7 concluded that an additional pipeline capable of transporting New Mexico natural gas to additional markets was, at that time, not economically feasible; and\n(4) the study should be updated on a regular basis and the results reported to the legislature.\nB. The purpose of this act is to provide a mechanism for monitoring the need for an additional natural gas pipeline in New Mexico.","path":["Chapter 70 - Oil and Gas","ARTICLE 11 Office of Interstate Natural Gas Markets"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18573/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"d7b78a701f7665dd39ac7551041b31cc1e3ba971ab6b2e5e82ae829494f96894","source_id":"us-nm","stale":false,"prev":"us-nm/70-11-6","next":"us-nm/70-11-8"},"notice":"GroundRules: Original legal text. Not legal advice."}