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F I S C A L I M P A C T R E P O R T

SPONSOR Nunez

ORIGINAL DATE

LAST UPDATED

1/31/08

HB 386

SHORT TITLE Rename Spaceport as “Spaceport America"

SB

ANALYST Earnest

APPROPRIATION (dollars in thousands)

Appropriation

Recurring

or Non-Rec

Fund

Affected

FY08

FY09

NFI

NFI

(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

LFC Files

Responses Received From

Spaceport Authority

SUMMARY

Synopsis of Bill

House Bill 386 amends the Regional Spaceport District Act to rename the southwest regional

spaceport “Spaceport America" for trademarking and branding purposes. The bill transfers all

resources and obligations of the southwest regional spaceport to Spaceport America.

FISCAL IMPLICATIONS

None identified.

SIGNIFICANT ISSUES

According to the Spaceport Authority, Spaceport America is already a recognized brand globally

and carries significant value. The official name change will position the trademark of Spaceport

American to be registered. The Spaceport Authority and the State of New Mexico will benefit

by marketing promotional items with the Spaceport America logo. Promotional logo items will

provide a revenue stream for the agency when the spaceport becomes operational.

BE/nt