HI SB112

Appropriates funds from general revenues for fiscal years 2011-2012 and 2012-2013 for Hawaii to apply for a Federal Aviation Administration spaceport license.

Assigns the Department of Business, Economic Development, and Tourism to manage the spaceport license application and oversee fund expenditures.

Requires the department to submit a report on the application status to the legislature no later than twenty days before the 2012 regular session.

Identifies space tourism as a potential billion-dollar global industry that could generate state revenue, create aerospace jobs, and support economic development in the Kalaeloa area.

Effective date is July 1, 2112 (note: appears to be a drafting error; likely intended as July 1, 2011).