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Section 58-31-3 - Definitions.

NM Stat § 58-31-3 (2019) (N/A)
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As used in the Spaceport Development Act:

A. "authority" means the spaceport authority;

B. "project" means any land, building or other improvements acquired as part of a spaceport or associated with a spaceport or to aid commerce in connection with a spaceport and all real and personal property deemed necessary in connection with the spaceport;

C. "revenue" means municipal regional spaceport gross receipts tax and county regional spaceport gross receipts tax revenue received from a regional spaceport district, revenue generated by a project and any other legally available funds of the authority;

D. "space vehicle" means a vehicle capable of being flown in space or launching a payload into space; and

E. "spaceport" means a facility in New Mexico at which space vehicles may be launched or landed, including all facilities and support infrastructure related to launch, landing or payload processing.

History: Laws 2005, ch. 128, § 3; 2006, ch. 15, § 16.

Cross references. — For the municipal regional spaceport gross receipts tax, see 7-19D-15 NMSA 1978.

For the county regional spaceport gross receipts tax, see 7-20E-25 NMSA 1978.

The 2006 amendment, effective May 17, 2006, adds Subsection C to define revenue.

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Section 58-31-2 - Purpose.
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Section 58-31-4 - Spaceport authority created; membership.