Senate Bill No. 912 seeks to amend the Oklahoma Aerospace and Aeronautics Commission and the Oklahoma Space Industry Development Authority by increasing the Commission's membership from seven to nine, with specific appointments for legislative leaders. It establishes new qualifications for members, requiring gubernatorial appointees to have at least three years of experience in aeronautical activities, while legislative appointees must have similar experience in the commercial space industry. The bill also modifies the quorum requirement for the Commission from four to five members and updates the legal language related to the Space Industry Development Authority, clarifying its powers, including the ability to sue, adopt an official seal, issue revenue bonds, and acquire necessary property.

Additionally, the bill enhances the governance and operational procedures of the Oklahoma Space Industry Development Authority, including the establishment of a revolving fund and the granting of sovereign immunity. It streamlines the process for land exclusion from spaceport territories by removing the provision allowing landowners to apply for exclusion within a 90-day period after the Board's initial meeting. The bill also emphasizes inclusivity in spaceport development and recodifies several sections of the Oklahoma Statutes, with a repeal of Section 5206. The effective date for these changes is set for November 1, 2025, and the bill has received favorable support from the Committee on Aeronautics and Transportation.

Statutes affected:
Introduced: 74-5207, 74-5206
Floor (Senate): 74-5207, 74-5206