SB12-035 Summary

• Establishes limited liability for spaceflight entities and participants in Colorado commercial spaceflight activities, defining "spaceflight activity" as launch or reentry services under federal law (51 U.S.C. § 50902).

• Shields spaceflight entities from liability for injury or death of spaceflight participants resulting from inherent risks of spaceflight, provided participants sign a required agreement and warning statement.

• Liability protection does not apply if the spaceflight entity commits gross negligence or willful/wanton disregard for safety, has actual knowledge or should reasonably know of dangerous conditions, or intentionally injures a participant.

• Requires every spaceflight entity to have participants sign a specific agreement and warning statement acknowledging inherent risks; failure to obtain signatures prevents the entity from invoking immunity protections.

• Takes effect August 8, 2012, subject to referendum petition rights, with voter approval required in November 2012 if a referendum is filed.