The purpose of the Spaceport Development Act is to:
A. encourage and foster development of the state and its cities and counties by developing spaceport facilities in New Mexico;
B. actively promote and assist public and private sector infrastructure development to attract new industries and businesses, thereby creating new job opportunities in the state;
C. create the statutory framework that will enable the state to design, finance, construct, equip and operate spaceport facilities necessary to ensure the timely, planned and efficient development of a southwest regional spaceport; and
D. promote educational involvement in spaceport activities and education and training of the workforce to develop the skills needed for spaceport operations.
History: Laws 2005, ch. 128, § 2.
Effective dates. — Laws 2005, ch. 128 contains no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, is effective June 17, 2005, 90 days after adjournment of the legislature.
Structure New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 31 - Spaceport Development
Section 58-31-1 - Short title.
Section 58-31-3 - Definitions.
Section 58-31-4 - Spaceport authority created; membership.
Section 58-31-5 - Authority powers and duties.
Section 58-31-6 - Spaceport authority; bonding authority; power to issue revenue bonds.
Section 58-31-7 - Authority loans; terms.
Section 58-31-8 - Bonds secured by trust indenture.
Section 58-31-9 - Authority revenue bonds; limitations; authorization; authentication.
Section 58-31-10 - Security for bonds, notes or certificates of indebtedness.
Section 58-31-11 - Requirements respecting resolution and lease.
Section 58-31-12 - Use of proceeds from sale of bonds.
Section 58-31-13 - Spaceport authority revenue bonds; refunding authorization.
Section 58-31-14 - Spaceport authority refunding bonds; escrow.
Section 58-31-15 - Authority refunding revenue bonds; terms.
Section 58-31-16 - Exemption from taxation.