STAND. COM. REP. NO. 773

Honolulu, Hawaii

RE: S.B. No. 1482

S.D. 1

Honorable Ronald D. Kouchi

President of the Senate

Thirty-Second State Legislature

Regular Session of 2023

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 1482 entitled:

"A BILL FOR AN ACT RELATING TO AEROSPACE DEVELOPMENT,"

begs leave to report as follows:

The purpose and intent of this measure is to establish and appropriate moneys for an Aerospace Development Office within the Hawaii Technology Development Corporation.

Your Committee received written comments in support of this measure from the Hawaii Technology Development Corporation; Bushtex, Inc.; and one individual.

Your Committee received written comments in opposition to this measure from one individual.

Your Committee finds that the program established by this measure will facilitate dialogue and coordination among Hawaii's public, private, and academic sectors and between state-based entities and public and private international organizations to promote the growth and diversification of the State's aerospace and aeronautics industries.

Your Committee has amended this measure by:

(1) Establishing a development program, rather than a development office;

(2) Adding "aeronautics" to the program name, as suggested in written comments from an individual;

(3) Changing the effective date to July 1, 2050, to facilitate further discussion on the measure; and

(4) Making technical, nonsubstantive amendments for purposes of clarity, consistency, and style.

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. 1482, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1482, S.D. 1.

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

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DONOVAN M. DELA CRUZ, Chair