{"data":{"id":"us-nm/58-31-3","jurisdiction":"us-nm","citation":"58-31-3","heading":"Definitions.","body":"As used in the Spaceport Development Act:\nA. \"authority\" means the spaceport authority;\nB. \"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;\nC. \"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;\nD. \"space vehicle\" means a vehicle capable of being flown in space or launching a payload into space; and\nE. \"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.","path":["Chapter 58 - Financial Institutions and Regulations","ARTICLE 31 Spaceport Development"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18561/index.do","current_through":"2025-01-07","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"388091ba0d7bf59e809b6c4618d50ac2dea301e57ded284293d04abf038e2555","source_id":"us-nm","stale":false,"prev":"us-nm/58-31-2","next":"us-nm/58-31-4"},"notice":"GroundRules: Original legal text. Not legal advice."}