Bill > SB2693

This bill authorizes the issuance of $15 million in general obligation bonds, which is a form of debt issued by a government, to fund the planning, design, and construction of a 50,000 square foot aerospace hangar and related facilities at Hilo International Airport, with the goal of supporting aerospace research, testing, and launch activities, including those for defense purposes. A key provision requires that these state funds will only be released if matched dollar-for-dollar by contributions from the federal government, the private sector, or both, which can include money, equipment, or in-kind capital improvements, but not state general funds. The Department of Transportation will oversee the expenditure of these funds and is required to submit a report to the Legislature by early 2028 detailing the project's progress, expenditures, and anticipated impacts. The appropriation will not lapse at the end of the fiscal biennium but any unspent funds will lapse on June 30, 2028, and the bill is set to take effect on July 1, 2050.

Budget and Finance, Transportation and Infrastructure

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=2693&year=2026