March 19. 2015

House panel OKs bill seeking to boost lottery ticket sales, stabilize scholarship fundLas Cruces Sun News

A bill aimed at increasing New Mexico Lottery ticket sales — and keeping the Legislative Lottery Scholarship fund solvent — cleared another hurdle Wednesday when the House Regulatory and Public Affairs Committee voted to move it forward.

Senate Bill 355, sponsored by Sen. John Arthur Smith, D-Deming, would terminate a requirement that the lottery funnel 30 percent of its annual revenues from ticket sales into the scholarship fund and instead invest more money in higher payoffs and marketing tools to boost ticket sales. --  3/19/15

 

Oil industry says new rule will lower use of freshwater -- Santa Fe New Mexican

A new rule approved by the state Oil Conservation Commission will allow oil and gas producers to reuse water produced during drilling.

Industry officials say the rule, which allows companies to store drilling water in open pits, will lead to a reduction in the use of fresh water for drilling and hydraulic fracturing.