The New Mexico Supreme Court ruled Monday that the controversial White Peak land swap violated the Enabling Act, which created the Land Grant Permanent Fund when New Mexico became a state in 1912. The ruling halted the land exchange, which has drawn widespread criticism, including from current land commissioner Ray Powell.
“The Supreme Court concluded that these exchanges were pre-negotiated deals by the previous land commissioner that substantially constrained the potential for competition which is the essential element of a public auction,” Attorney General Gary King said in a statement.
The Supreme Court granted an emergency stay against the deal last year but permanently ruled against the deal, and perhaps all similar land deals, yesterday.