STAND. COM. REP. NO.  1006

Honolulu, Hawaii

                , 2013

RE:   S.B. No. 930

      S.D. 1

      H.D. 1

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2013

State of Hawaii

Sir:

     Your Committee on Economic Development & Business, to which was referred S.B. No. 930, S.D. 1, entitled:

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

begs leave to report as follows:

The purpose of this measure is to appropriate funds to support the investigative stage of the Pacific International Space Center for Exploration Systems (PISCES) Sustainable Concrete Initiative, contingent upon a dollar-for-dollar match from other sources and to require PISCES to report to the Legislature regarding the Sustainable Concrete Initiative.

Buzz Aldrin Enterprises, LLC; Shackleton Energy Company, Inc.; International Ventures Associates, LTD; Hawaii Aerospace Advisory Committee; a member of the Hawaii County Council, and a few individuals testified in support of this measure.  The Department of Business, Economic Development, and Tourism and an individual provided comments on this measure.

     Your Committee has amended this measure by expanding its reporting requirement to include, among other things, an updated business plan regarding the aerospace technology research and development park project, details on progress made on other specified projects, and the level of private sector investment in aerospace and related industries.

     As affirmed by the record of votes of the members of your Committee on Economic Development & Business that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 930, S.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 930, 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,

____________________________

CLIFT TSUJI, Chair