Hawaii SB2693 appropriates funds for an aerospace hangar and support infrastructure at Hilo International Airport.

Hawaii SB2693 aims to invest in aerospace infrastructure at Hilo International Airport, supporting economic diversification and national security. The bill authorizes the issuance of $15,000,000 in general obligation bonds for planning, design, and construction of a 50,000 square foot aerospace hangar and related facilities. Funds will not lapse at the end of the fiscal biennium but will expire if unencumbered by June 30, 2028. The appropriation requires a dollar-for-dollar match from the federal government, private sector, or both, verified by the Department of Transportation.

Hawaii SB2693 appropriates funds for an aerospace hangar and support infrastructure at Hilo International Airport.

Hawaii SB2693 aims to invest in aerospace infrastructure at Hilo International Airport, supporting economic diversification and national security. The bill authorizes the issuance of $15,000,000 in general obligation bonds for planning, design, and construction of a 50,000 square foot aerospace hangar and related facilities. Funds will not lapse at the end of the fiscal biennium but will expire if unencumbered by June 30, 2028. The appropriation requires a dollar-for-dollar match from the federal government, private sector, or both, verified by the Department of Transportation.