STAND. COM. REP. NO. 259-18

Honolulu, Hawaii

, 2018

RE: H.B. No. 2557

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Twenty-Ninth State Legislature

Regular Session of 2018

State of Hawaii

Sir:

Your Committee on Economic Development & Business, to which was referred H.B. No. 2557 entitled:

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

begs leave to report as follows:

The purpose of this measure is to continue to diversify Hawaii's economy and develop Hawaii's workforce for twenty-first century jobs, particularly in the aerospace sector, by appropriating funds to the Department of Business, Economic Development, and Tourism to support the Pacific International Space Center for Exploration Systems' internship and economic development programs.

The Pacific International Space Center for Exploration Systems and numerous concerned individuals testified in support of this measure.

Your Committee has amended this measure by changing its effective date to July 1, 2112, to facilitate further discussion.

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 H.B. No. 2557, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2557, H.D. 1, and be referred to your Committee on Finance.

Respectfully submitted on behalf of the members of the Committee on Economic Development & Business,

____________________________

CINDY EVANS, Chair