STAND. COM. REP. NO.  128-08

Honolulu, Hawaii

                , 2008

RE:   H.B. No. 2259

  H.D. 1

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2008

State of Hawaii

Sir:

     Your Committee on Economic Development & Business Concerns, to which was referred H.B. No. 2259 entitled:

"A BILL FOR AN ACT RELATING TO AEROSPACE DEVELOPMENT,"

begs leave to report as follows:

     The purpose of this bill is to support aerospace development in Hawaii by appropriating funds for a feasibility study,  consultation, and other expenses that will be incurred in making application to the Federal Aviation Administration for a commercial space transportation license.

     The Hawaii Island Economic Development Board, Enterprise Honolulu, Zero Gravity Corporation, Rocketplane Global and several concerned individuals testified in support of the bill.  The Department of Business, Economic Development, and Tourism supported the intent of the bill. 

     To allow further discussion of the measure, your Committee replaced the $500,000 appropriation with a blank amount.

     As affirmed by the record of votes of the members of your Committee on Economic Development & Business Concerns that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2259, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2259, H.D. 1, and be referred to the Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Economic Development & Business Concerns,

____________________________

KYLE T. YAMASHITA, Chair