STAND. COM. REP. NO.  90-08

Honolulu, Hawaii

                , 2008

RE:   H.B. No. 2939

  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. 2939 entitled:

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

begs leave to report as follows:

     The purpose of this bill is to support efforts toward building an aerospace industry in Hawaii by continuing to provide funding for the Pacific International Space Center for Exploration Systems.

     The University of Hawaii at Hilo, JAMSS America, Inc., The Boeing Company, Japan-U.S. Science, Technology and Space Applications Program, Hawaii Island Economic Development Board, SpacePartnerships.com, Enterprise Honolulu, and several concerned individuals supported this bill.  The Department of Businesses, Economic Development and Tourism supported the intent of this bill. 

     To encourage further discussion of this measure, your Committee has replaced the $720,000 appropriation with a blank amount.  Technical, nonsubstantive amendments were made for consistency and style.

     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. 2939, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2939, 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