Sec. 70309. Spaceports are treated like airports under exempt facility bond rules
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/bill/119/hr/1/eas/section-70309A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 142(a)(1) is amended to read as follows: airports and spaceports, . Section 142(b)(1) is amended by adding at the end the following new subparagraph: For purposes of subparagraph (A), spaceport property located on land leased by a governmental unit from the United States shall not fail to be treated as owned by a governmental unit if the requirements of this paragraph are met by the lease and any subleases of the property. . Section 142 is amended by adding at the end the following new subsection:
For purposes of subsection (a)(1), the term spaceport means any facility located at or in close proximity to a launch site or reentry site used for— manufacturing, assembling, or repairing spacecraft, space cargo, other facilities described in this paragraph, or any component of the foregoing, flight control operations, providing launch services and reentry services, or transferring crew, spaceflight participants, or space cargo to or from spacecraft. For purposes of paragraph (1)— The term space cargo includes satellites, scientific experiments, other property transported into space, and any other type of payload, whether or not such property returns from space.
The term spacecraft means a launch vehicle or a reentry vehicle. The terms launch site , crew , space flight participant , launch services , launch vehicle , payload , reentry services , reentry site , a reentry vehicle shall have the respective meanings given to such terms by section 50902 of title 51, United States Code (as in effect on the date of enactment of this subsection). A facility shall not be required to be available for use by the general public to be treated as a spaceport for purposes of this section.
With respect to spaceports, subsection (c)(2)(E) shall not apply to spaceport property described in paragraph (1)(A). . Section 149(b)(3) is amended by adding at the end the following new subparagraph: A bond shall not be treated as federally guaranteed merely because of the payment of rent, user fees, or other charges by the United States (or any agency or instrumentality thereof) in exchange for the use of the spaceport by the United States (or any agency or instrumentality thereof). .
The heading for section 142(c) is amended by inserting after Spaceports, . Airports, The amendments made by this section shall apply to obligations issued after the date of the enactment of this Act.