N.M. Admin. Code § 18.61.3.18

Current through Register Vol. 35, No. 21, November 5, 2024

Section 18.61.3.18 - POWERS PERMISSIVE

The authority may:

A. advise and cooperate with municipalities, counties, state agencies and organizations, appropriate federal agencies and organizations and other interested persons and groups;

B. solicit and accept federal, state, local and private grants of funds or property and financial or other aid for the purpose of carrying out the provisions of the Spaceport Development Act;

C. adopt rules governing the manner in which its business is transacted and the manner in which the powers of the authority are exercised and its duties performed;

D. operate spaceport facilities, including acquisition of real property necessary for spaceport facilities and the filing of necessary documents with appropriate agencies;

E. construct, purchase, accept donations of or lease projects located within the state;

F. sell, lease or otherwise dispose of a project upon terms and conditions acceptable to the authority and in the best interests of the state;

G. issue revenue bonds pursuant to the requirements of Sections 58-31-6 thru 58-31-10 NMSA 1978 and borrow money for the purpose of defraying the cost of acquiring a project by purchase or construction and of securing the payment of the bonds or repayment of a loan;

H. enter into contracts with regional spaceport districts and issue bonds on behalf of regional spaceport districts for the purpose of financing the purchase, construction, renovation, equipping or furnishing of a regional spaceport or a spaceport-related project;

I. refinance a project;

J. contract with any competent private or public organization or individual to assist in the fulfillment of its duties;

K. fix, alter, charge and collect tolls, fees or rentals and impose any other charges for the use of or for services rendered by any authority facility, program or service; and

L. contract with regional spaceport districts to receive municipal spaceport gross receipts tax and county regional spaceport gross receipts tax revenues.

N.M. Admin. Code § 18.61.3.18

Adopted by New Mexico Register, Volume XXXIV, Issue 14, July 31, 2023, eff. 7/31/2023