STAND. COM. REP. NO.  1417

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 Finance, to which was referred S.B. No. 930, S.D. 1, H.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:

     (1)  Provide funding 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

     (2)  Require PISCES to report to the Legislature regarding the Sustainable Concrete Initiative as well as other issues that would support economic development in Hawaii, including 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.

The council member of the Hawaii County Council representing District 3; Hawaii Aerospace Advisory Committee; International Ventures, Associates; Enterprise Honolulu; Buzz Aldrin Enterprises, LLC; and a few individuals provided testimony in support of this measure.  The Department of Business, Economic Development, and Tourism; Shackleton Energy Company; and a few individuals provided comments on this measure.

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 930, S.D. 1, H.D. 1, and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

SYLVIA LUKE, Chair