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.
ANNOTATIONSEffective 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.