This Act may be cited as the Space Ready Act.

In this Act: (1) Administration The term Administration means the National Aeronautics and Space Administration. (2) Administrator The term Administrator means the Administrator of the National Aeronautics and Space Administration. (3) NASA The term NASA means the National Aeronautics and Space Administration.

(a) Pilot program The Administrator may conduct a pilot program for private and public investment in specific infrastructure projects at the Kennedy Space Center. (b) Infrastructure Investment Fund (1) Establishment There is established in the Treasury of the United States a fund, to be known as the Infrastructure Investment Fund (referred to in this subsection as the Fund), for infrastructure investments of the National Aeronautics and Space Administration. (2) Funding (A) Infrastructure assessments The Administrator may include in agreements entered into under section 20113(e) of title 51, United States Code, involving transactions that support public and commercial activities at the Kennedy Space Center, an assessment to fund specific capital repair, maintenance, and improvement projects described in paragraph (3). (B) Deposits Each assessment collected under subparagraph (A) shall be deposited into the Fund and shall remain available until expended. (3) Use of funds (A) In general Amounts deposited in the Fund shall be used by the Administrator to conduct capital repairs, maintenance, and improvements to NASA-owned infrastructure at the Kennedy Space Center, as the Administrator considers necessary to support activities conducted under agreements entered into under section 20113(e) of title 51, United States Code, which may include renovation, rehabilitation, sustainment, demolition, construction, operation, maintenance, repair, enhancement, expansion, and modernization of NASA-owned infrastructure at the Kennedy Space Center. (B) Treatment of improvements Improvements made to NASA-owned infrastructure at the Kennedy Space Center with amounts from the Fund shall be property of the United States. (4) Annual report Not later than 180 days after the date of the enactment of this Act, and annually thereafter, the Administrator shall submit to the Committee on Commerce, Science, and Transportation of the Senate and the Committee on Science, Space, and Technology of the House of Representatives a report on the Fund that includes the following: (A) For the preceding calendar year— (i) the total amount collected and deposited into the Fund under paragraph (2); and (ii) the total expenditures made from the Fund. (B) The amount in the Fund as of the date on which the report is submitted. (C) The proposed uses of amounts in the Fund for the operating plans of the Administration. (5) Termination (A) In general The authority to collect assessments under paragraph (2)(A) shall terminate on December 31, 2035. (B) Rule of construction The expiration under subparagraph (A) of the authority to collect assessments may not be construed to otherwise affect the validity or terms of agreements under section 20113(e) of title 51, United States Code, or the retention or use by the Administration of proceeds from such agreements.