STAND. COM. REP. NO. 2798

Honolulu, Hawaii

RE:    S.B. No. 3037

       S.D. 2

Honorable Shan S. Tsutsui

President of the Senate

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

Sir:

     Your Committee on Ways and Means, to which was referred S.B. No. 3037, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE PACIFIC INTERNATIONAL SPACE CENTER FOR EXPLORATION SYSTEMS,"

begs leave to report as follows:

     The purpose and intent of this measure is to provide a strategic approach to facilitating the growth of the aerospace industry in the State.

     Specifically, the measure:

     (1)  Establishes the Pacific International Space Center for Exploration Systems within the Department of Business, Economic Development, and Tourism, and its board of directors;

     (2)  Transfers the Pacific International Space Center for Exploration Systems from the University of Hawaii to the Department of Business, Economic Development, and Tourism; and

     (3)  Authorizes the issuance of an unspecified amount of general obligation bonds and makes an unspecified appropriation out of general funds to finance construction of the Pacific International Space Center for Exploration Systems' aerospace research technology park project.

     Your Committee received written comments on this measure from the Department of Human Resources Development and the Department of Business, Economic Development, and Tourism.

     Your Committee finds that the Pacific International Space Center for Exploration Systems, including the proposed aerospace research technology park project, will be an economic driver for the State, and the County of Hawaii in particular, that will promote new sustainable and green industries, aerospace and research jobs, workforce development, student internships, and STEM programs.  Your Committee further finds that there is a simultaneous need for the space center to work closely with the University of Hawaii while also maintaining an ability to act swiftly and independently in the rapidly evolving and competitive global aerospace industry.  Your Committee finds that supporting this venture will yield long term benefits for Hawaii's economy and workforce.

     Your Committee has amended this measure by making technical nonsubstantive amendments for the purposes of style, clarity, and consistency.

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 3037, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 3037, S.D. 2.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

____________________________

DAVID Y. IGE, Chair