MD SB867

Expands the Maryland Aerospace and Technology Commission's purpose to include promoting innovation in space science, space technology, and aeronautics, beyond the original focus on space exploration and commercial aerospace.

Requires the Commission to appoint an Executive Director (subject to Governor approval) who serves as chief administrative officer, manages projects, oversees grant compliance, and approves salaries and expenses.

Authorizes the Commission to provide grants to eligible entities (businesses, nonprofits, government entities, and higher education institutions conducting aerospace research) for technology development, research, workforce training, and infrastructure improvements.

Mandates a $30,000,000 annual appropriation beginning in fiscal year 2028 for administrative costs and grant-making, with the Commission required to adopt regulations establishing competitive application processes and award criteria.

Expands Commission membership to include representatives from Naval Air Station Patuxent River, Maryland Space Grant Consortium, Maryland Aviation Commission, Maryland Advanced Air Mobility Council, TEDCO, MEDCO, and up to three additional commercial space industry representatives.