A new Maastrichtian-Paleocene Azolla species from of Bolivia, with a comparison of the global record of coeval Azolla microfossils

A new heterosporous fern species, Azolla boliviensis sp. nov., is described from latest Maastrichtian (latest Cretaceous) to Paleocene (earliest Palaeogene) terrestrial sediments of the Eslabon and Flora Formations. Subandean belt, Bolivia. The species is represented by dissociated but abundantly co-preserved megasporocarps, megaspores, microsporangia, massulae and microspores. The genus consistently characterizes warm-climate lacustrine settings. Fossil Azolla is first identified around the Early to mid-Cretaceous but the genus apparently underwent dramatic radiation during the Late Cretaceous. Abundant Azolla remains in Bolivia add to this portrait of rapid geographic dispersal and diversification near the close of the Cretaceous. The ranges of many Azolla species span the Cretaceous-Palaeogene boundary and the potential of Azolla to withstand altered environmental conditions, such as periodic frost damage, drought, and salinity change, and its ability to undergo rapid vegetative regeneration in association with nitrogen-fixing cyanobacterial symbionts, suggest that the survival of this group was favoured during the adverse conditions of the end-Cretaceous event.