New Mexico institute of mining and technology is directed to use its mineral resource economist to undertake studies aimed at developing technology which will make possible the profitable exploitation of New Mexico's mineral resources. This effort should be aimed initially at those minerals development opportunities which offer the best hope of successful exploitation and the creation of the greatest number of jobs. When a profit opportunity has been developed, the mineral resource economist shall make this information available to the secretary of the economic development department.
History: 1953 Comp., § 63-33-3, enacted by Laws 1967, ch. 254, § 3; 1977, ch. 247, § 168; 1983, ch. 296, § 26; 1991, ch. 21, § 41.
The 1991 amendment, effective March 27, 1991, substituted "the economic development department" for "commerce and industry department" in the final sentence.
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