HI HB1326

Appropriates state funding for a market assessment and feasibility study to evaluate the development of a basalt fiber manufacturing facility in Hawaii.

Identifies basalt fiber as a material with applications in aerospace and terrestrial industries, with potential to reduce Hawaii's steel rebar imports and create domestic production capacity.

Directs the Department of Business, Economic Development, and Tourism to conduct the study and manage the appropriated funds.

Notes private-sector interest in locating basalt fiber and rebar manufacturing operations in Hawaii as an economic development opportunity.

Takes effect July 1, 2038.