The Authority

A. Spaceport Development Act. The New Mexico spaceport authority (the authority) is a New Mexico state agency organized under the provisions of the Spaceport Development Act, Sections 58-31-1, et seq. NMSA 1978. B. Governance. The authority is governed by seven voting and two nonvoting members of the board of directors (the “board”). The board shall make all rules and regulations necessary for the administration of Spaceport America. C. Purpose. The authority shall implement the purposes of the Spaceport Development Act: (1) encourage and foster development of the state and its cities and counties by developing spaceport facilities in New Mexico; 18.61.3 NMAC 2 (2) actively promote and assist public and private sector infrastructure development to attract new industries and businesses, thereby creating new job opportunities in the state; (3) 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 (4) promote educational involvement in spaceport activities and education and training of the workforce to develop the skills needed for spaceport operations.