A district may cooperate with a person to:
A. accept legitimate contributions or liens securing obligations of the district from the person with respect to the financing, planning, designing, engineering and construction of a regional spaceport and, in connection with a loan or advance, enter into contracts establishing the repayment terms;
B. enter into contracts regarding the financing, planning, designing, engineering and construction of a regional spaceport; and
C. enter into joint operating contracts with the authority concerning the financing, planning, designing, engineering and construction of a regional spaceport.
History: Laws 2006, ch. 15, § 10.
Effective dates. — Laws 2006, ch. 15 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective May 17, 2006, 90 days after adjournment of the legislature.
Structure 2021 New Mexico Statutes
Chapter 5 - Municipalities and Counties
Article 16 - Regional Spaceport District
Section 5-16-4 - Creation of district.
Section 5-16-6 - Powers of the district.
Section 5-16-10 - Cooperative powers.
Section 5-16-11 - Notice; opportunity for comment.
Section 5-16-12 - Addition or withdrawal of territory by a district.