STAND. COM. REP. NO.  786

 

Honolulu, Hawaii

                , 2015

 

RE:   H.B. No. 867

      H.D. 1

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Eighth State Legislature

Regular Session of 2015

State of Hawaii

 

Sir:

 

     Your Committee on Finance, to which was referred H.B. No. 867, H.D. 1, entitled:

 

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

 

begs leave to report as follows:

 

     The purpose of this measure is to promote economic development in Hawaii by authorizing the issuance of general obligation bonds to support the Pacific International Space Center for Exploration Systems' Basalt Rebar Initiative, including construction of a basalt rebar plant and engineering assessments of the manufactured basalt rebar.

 

     The Hawaii County Council Member for District 3 and five individuals supported this measure.  The Department of Business, Economic Development, and Tourism; Department of Budget and Finance; Pacific International Space Center for Exploration Systems; and an individual provided comments.

 

     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. 867, 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