LIMIT SPACEPORT FEES

SB 176 requires the New Mexico Spaceport Authority to set fixed annual rental fees for specific spaceport projects that cannot change based on market conditions, usage, or other factors. It also mandates that general service fees for common facilities must not be less than 70% of a tenant's annual project rental fee. This directly affects the spaceport authority and businesses leasing spaceport facilities by creating predictable, non-variable fee structures. The bill does not change existing authority powers but adds specific constraints to fee-setting practices under the Spaceport Development Act.