STAND. COM. REP. NO.  1332-08

Honolulu, Hawaii

                , 2008

RE:   S.B. No. 2891

      S.D. 1

      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 S.B. No. 2891, S.D. 1, 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, Hawaii Island Economic Development Board, SpacePartnerships.com, Enterprise Honolulu, The Boeing Company, Japan Manned Space Systems, Center for Space Resources, Japan-United States Science, Technology, and Space Applications Program, and many concerned individuals supported this bill.  The Department of Business, Economic Development, and Tourism supported the intent of this measure.

     Your Committee has amended this bill by changing its effective date to July 1, 2034, to encourage further discussion.

     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 S.B. No. 2891, S.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 2891, S.D. 1, 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