Current through Register Vol. 35, No. 11, June 11, 2024
Section 18.61.3.7 - DEFINITIONSA. "The authority", or New Mexico spaceport authority, means a state agency created by the Spaceport Development Act and administratively attached to the economic development department in accordance with Section 9-1-7 NMSA 1978 and charged with the responsibility of carrying out the day-to-day business of the agency. The authority is also known as "the agency" in business relations with its partners, customers and other governmental entities as an executive agency of the state of New Mexico.B. "The board" means the board of directors, the entity created by Section 58-31-4, NMSA 1978 comprised of nine members, among whom is the executive director who runs the agency. The board is responsible for making and implementing all rules and regulations necessary for the efficient administration of Spaceport America.C. "Spaceport America" is the trademarked identity of a commercial spaceport business operated, managed and maintained by the authority in Sierra county, New Mexico, located on state trust land pursuant to Business Lease No. BL-1729, effective January 1, 2007.D. "Spaceport" means the physical property in Sierra county New Mexico, comprising 18,461.45 acres and the facilities, infrastructure, access roads and other improvements located thereon.Adopted by New Mexico Register, Volume XXXIV, Issue 14, July 31, 2023, eff. 7/31/2023