LIMIT SPACEPORT FEES

Summary

The bill requires the New Mexico Spaceport Authority to charge a fixed annual rental fee for each project, stopping fees from changing with market conditions. It also mandates that any fee for general use of common spaceport facilities must be at least 70% of the project's rental fee. The changes apply to contracts the authority signs after the law takes effect and affect businesses that lease spaceport property.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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