New Mexico state record. (Santa Fe, N.M.) 1914-19??, 1917-01-26
RECEIPTS WILL
EQUAL STATE TAX
DURING PRESENT YEAR
STATE LAND INCOME WILL
PROBABLY EXCEED ONE
MILLION DOLLARS OR AS
MUCH AS TAX INCOME
Financial Summary.

During the period covered BY
this report the State Land Office
has transacted a. much heavier
volume OF business than during any
similar period. Receipts from all
sources including balances on hand
for the two year period immediate
" preceding, ended November ~.
1914, totalcd $l27s, ,240.49. For the
two year period covered herein re-
ceipts from all sources totaled $l..
oo2,86O.46, an increase for the period
Of $l7.6l9W
Payments of all kinds during the
period aggregate $l.3S6.0M.H, leav-
ing a cash balance, as of November
so. 1916. of 6,8s3l9, as compared
with balances Of $48S,7sO89 on No
vember 80, lOl4, and SOL 1901 on
November 80, 1912
"a total of S6s3,63S9l was trans
ferred to the State Treasurer dur
ing the two years, for the benefit
of the income funds Of the various
school institutions, representing IN
come for leased lands, interest on
contracts to purchase, etc, and be-
ing an increase over the amount so
MS ~ ~
wear period of $l84,l98.46.
"A total Of $3.50, ,794.82 was trans
ferred to the various permanent
funds, representing payments on
contracts to purchase, patents IS.
sued, etc, and being an increase OF
S2S2, 2,ll462 over the amount trans
ferred to the permanent funds dur
ing the previous two-year period.
an addition to the above transfer
total Of $6l. .468l0 has been ap-
portioned to the various schools
and institutions, this being unused
balances remaining in the mainten-
ance public land funds.
at will be seen that grand to-
tai of Sl,lO4,o0 .S3 has been paid to
the common schools and the various
state institutions during the two
wear period covered herein, as their
net revenue from the rentals. sales.
etc, of the state lands. This IS an
increase in total income over the
previous two-year period Of $751;
7sl.l8. Reference to prior reports
and to the comparative statements
OF receipts of the third and fourth
fiscal years show that the increase
in income from the state lands has
been exceedingly rapid. that OF the
fourth fiscal year over the PRIOR
wear having been the largest gain
in the history of the office.
an addition to the above trans
fers the sum of $l98, ,S49.48 was trans
ferred to the State Treasurer for
the maintenance public lands fund.
The sum of $l44,0246 was return
ed directly to various applicants on
account Of cancellations, withdraw
ais. and for the reason that LANDS
were sold to others than applicants,
etc, the total cash payments ag-
prepating 81. .3S6, ,007.27. the same be-
ing an increase over the total cash
payments of the two previous years
of S59o,5l767.
Maintenance Fund.
, The state land law provides that
20 per cent of the amounts ready for
, transfer to the State Treasurer shall
be set apart in a fund to be known
as the maintenance public lands
, fund. and that from this fund shall
be paid all the expenses of the state
land office. the selection of lands
for schools and institutions, the pro-
, lection of state lands from waste
: forest fires, etc. defense OF the
, states title to lands which may
t come into dispute, and all other
:. expenses incident to the care, con
l rrol. management and disposal OF the
state lands. The law provides fur
= 'ther that on September 30th of each
wear anv unused balances then eX.
\ ;sting in such maintenance fund
= shall be transferred to the credit oi
e the various funds and institution
' from which such moneys were orr
j ginally derived.
an addition to the above provi
= sion for operating expense, the Le'
= gislature of 1915 passed an act gen
S orally known as the Publicity law
= bv which the State Land Commits
sioner is directed to use not to eN
+ ceed ; per cent of the annual income
o from state lands. or so much there
n of as may be necessary. for secur
v ing desirable publicity for the state
$ for promoting the development o
# state lands. to the end of increase'
q values and for the general develop
# ment of the state and its various re
i sources. Funds used as authorized
q hv this law have been included II
e the general itemized statement o
e expense of operating the office, a
IS given below.
n During the two-year period cover
= ed herein the total expense of oper
ating the state land office. for a
# the above purposes. has been $50
ID o0lll. while there has been turne
= back into the various funds tots
j. of sol .46S07, as shown above. bein
A unused balances in the maintenanc
(Coutinued on mage fiye)