The New Mexico State Land Office, under the leadership of Commissioner Stephanie Garcia Richard, is responsible for managing nine million surface and 13 million mineral acres across the state. This land, known as state trust land, was allocated to New Mexico by the Federal Government in the late 19th and early 20th centuries. The agency's mission is to generate revenue from state trust land to support public schools, hospitals, colleges, and other institutions.

The Land Office raises funds through various activities such as leasing land for oil, gas, and mineral exploration, renewable energy projects, agriculture, livestock grazing, and outdoor recreation. In 2019, they raised over $1 billion, a historic achievement that resulted in significant taxpayer savings. With a strong track record of revenue generation, the Land Office continues to fulfill its mandate, raising over $2 billion in Fiscal Year 2022.

By efficiently managing and leveraging the state's natural resources, the New Mexico State Land Office plays a vital role in supporting the growth and development of the state's public institutions