New Mexico Administrative Services Agreement

State:
Multi-State
Control #:
US-OG-760
Format:
Word; 
Rich Text
Instant download

Description

This agreement is used when The Company owns all of the outstanding shares of common stock of a company involved in the acquisition, exploration, production, transportation, treating and processing of oil, gas, and other minerals and the Company has requested a Manager to provide administrative services to manage the affairs and business of the Company.
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FAQ

The Administrative Procedure Act (APA) applies to all agencies of the federal government and provides general procedures for agency rulemaking and adjudications.

(1946) The Administrative Procedure Act (APA) governs the process by which federal agencies develop and issue regulations. It includes requirements for publishing notices of proposed and final rulemaking in the Federal Register, and provides opportunities for the public to comment on notices of proposed rulemaking.

The New Mexico Administrative Code (NMAC) is the official collection of current rules (regulations) written and filed by state agencies to clarify and interpret laws passed by the Legislature.

Examples of deductions are sales for subsequent resale, sales to customers located outside of NM, sales to manufacturers, sales of groceries, sales of construction materials and services to persons engaged in construction business, sales of tangibles to government agencies and non-profits ((501(c)(3) organizations), ...

The New Mexico Administrative Procedure Act is the law governing procedures for state administrative agencies to propose and issue regulations and provides for judicial review of agency adjudications and other final decisions in New Mexico. It can be found in Article 8, chapter 12 of the New Mexico Statutes.

Lesson Summary. Administrative procedures are a set of formal objective rules enacted by a private or governmental organization that govern management decision-making. They help establish the legitimacy of management action by ensuring that management decisions are objective, fair, and consistent.

The APA requires that the notice of proposed rulemaking include "(1) the time, place, and nature of public rulemaking proceedings; (2) reference to the legal authority under which the rule is proposed; and (3) either the terms or substance of the proposed rule or a description of the subjects and issues involved."11 ...

The gross receipts tax referred to is imposed by the State of New Mexico and the city of Albuquerque upon the real estate broker and is measured by the amount of the commission earned from a sale.

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New Mexico Administrative Services Agreement