The proposed bill establishes the Arizona Space Commission and the Space Exploration and Aeronautics Research Fund, enhancing Arizona's involvement in aeronautics research and space flight infrastructure. The Commission will be governed by a Board of Directors with seven members appointed by state leaders, emphasizing the need for members with relevant aerospace experience and advanced degrees. The bill outlines the Board's responsibilities, including developing a strategic plan for space and aeronautics, administering the Fund, and providing grants to support businesses in the space sector. The Fund will be continuously appropriated for various purposes, including workforce training and infrastructure development.

Key changes from current law include expanding the eligibility for Commission involvement to individuals from early-stage space technology start-ups and those with experience in Arizona's space value chain. The bill also modifies the frequency of strategic plan submissions from annually to every even-numbered year, with the first submission due by December 31, 2024. These adjustments aim to streamline operations and reduce administrative burdens while enhancing the Commission's role in promoting space-related initiatives in Arizona.

Statutes affected:
Introduced Version: 36-3261