As used in this act:

1. “Authority” means the Oklahoma Space Industry Development Authority as authorized to be created by this act;

2. “Board” or “Board of Directors” means the governing body of the Authority as authorized to be created in Section 7 of this act;

3. “Bonds” means revenue bonds or other obligations issued by the Authority for the purpose of financing its projects;

4. “Complementary activity” means any space business incubator, space tourism activity, or space-related research and development;

5. “Cost” means all costs, fees, charges, expenses and amounts associated with the development of projects by the Authority;

6. “Federal aid” means any funding or other financial assistance provided by the federal government to the Authority for its projects;

7. “Financing agreement” means a lease, lease-purchase agreement, lease with option to purchase, sale or installment sale agreement, whether title passes in whole or in part at any time prior to, at, or after completion of the project, loan agreement, or other agreement forming the basis for the financing under this act, including any agreements, guarantees, or security instruments forming part of or related to providing assurance of payment of the obligations under such financing agreement;

8. “Landing area” means the geographical area designated by the Authority within or outside any spaceport territory for or intended for the landing and surface maneuvering of any launch or other space vehicles;

9. “Launch pad” means the launch pad or pads or spacecraft launch structure used by the spaceport or spaceport user for launching of space vehicles;

10. “Payload” means all property and cargo to be transported aboard any vehicle launched or flown, by or from any spaceport;

11. “Person” means individuals, children, firms, associations, joint ventures, partnerships, estates, trusts, business trusts, syndicates, fiduciaries, corporations, nations, federal, state or local governments, government or other agencies, subdivisions of the state, municipalities, counties, business entities, and all other groups or combinations;

12. “Project” means any development, improvement, property, launch, utility, facility, system, works, road, sidewalk, enterprise, service or convenience sponsored or promoted by the Authority and conducted or performed from any spaceport territory;

13. “Range” means the geographical area designated by the Authority or other appropriate body as the area for the launching of space vehicles, rockets, missiles, launch vehicles, shuttles, satellites and other vehicles designed to reach high altitudes, suborbital and orbital, or possessing space flight capacity;

14. “Recovery” means the recovery of space vehicles and payload or payloads which have been launched from or by any spaceport;

15. “Spaceport” means any area of land or water, or any man-made object or facility located therein, developed by the Authority under this act and located within spaceport territory, which area is intended for public use, or for the launching, takeoff and landing of spacecraft and aircraft; such areas may include appurtenant areas which are used or intended for public use, for spaceport buildings or other spaceport facilities or for rights-of-way, or any space facility, space propulsion system, or station of any kind possessing space flight capacity;

16. “Spaceport system” means the organizations and infrastructure developed by the Authority for the development of spaceports and the commercialization of the space industry;

17. “Spaceport territory” means the site of any launch pad and the geographic area contiguous thereto as determined by the Authority to be necessary to protect the area from health and safety hazards from the operation of the spaceport, but not to exceed the geographic areas designated in Section 13 of this act and as amended or changed in accordance with Section 20 of this act; and

18. “Spaceport user” means any person that uses the facilities or services of any spaceport. For the purposes of any exemptions or rights granted hereafter, the spaceport user shall be deemed a spaceport user only during the time period in which the person actually uses any spaceport, and such rights and exemptions shall be granted with respect to transactions relating to spaceport projects only.

Added by Laws 1999, c. 164, § 2, eff. July 1, 1999.