STAND. COM. REP. NO.  734-14

Honolulu, Hawaii

                , 2014

RE:   H.B. No. 2150

      H.D. 1

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2014

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 2150, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE PACIFIC INTERNATIONAL SPACE CENTER FOR EXPLORATION SYSTEMS' PLANETARY SUSTAINABILITY TECHNOLOGIES INITIATIVE,"

begs leave to report as follows:

The purpose of this measure is to stimulate economic growth for the State and continue to develop the State's emerging aerospace sector by appropriating funds to support the Pacific International Space Center for Exploration Systems' Planetary Sustainability Technologies Initiative with the State of California with certain stipulations, including matching fund requirements.

The Department of Business, Economic Development, and Tourism; University of Hawaii at Hilo; a Hawaii County Council Member; NASA Ames Research Center; International Venture Associates; JAMSS America, Inc.; Pacific International Space Center for Exploration Systems; Ferraro Choi; Near Earth LLC; Shackleton Energy Company; Paragon Space Development Corporation; and several concerned individuals testified in support of 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 H.B. No. 2150, 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