State Land Commissioner Ray Powell thinks some federal land identified for sale could be a valuable addition to New Mexico’s trust lands, which help generate revenue for public schools and other institutions.
The Bureau of Land Management is looking to sell thousands of acres that no longer meet the agency’s mission or are landlocked. Powell hopes to acquire some of the land, especially parcels along the interstates around Las Cruces and in the oil- and gas-rich Permian Basin of southeastern New Mexico. “We’re interested in high-value property that could be used for commercial purposes and would earn money for our beneficiaries,” Powell said.
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