HI SB672

Appropriates general revenue funds for fiscal years 2015-2016 and 2016-2017 to support the Pacific International Space Center for Exploration Systems' five strategic initiatives: basaltic construction and fabrication, in-situ resource utilization, planetary analog test site, secondary school lunar surface flight experiment, and technology/innovation workforce development.

Authorizes the director of finance to issue $8,500,000 in general obligation bonds for fiscal year 2015-2016 to purchase the center's headquarters and test facility, including subdivision approval, property appraisal, title search, environmental assessments, and pre-design work.

Directs appropriated funds to support the center's general and administrative tasks as well as program initiatives aligned with creating technology jobs, expanding aerospace leadership, and developing sustainable green industries in Hawaii.

Specifies that capital improvement project appropriations shall not lapse at the end of the fiscal biennium but any unencumbered funds shall lapse on June 30, 2018.

Effective date is July 1, 2015.