S.B. 1247 Summary

• Appropriates $250,000 for fiscal year 2017-2018 and $250,000 for fiscal year 2018-2019 to the University of Hawaii to conduct feasibility studies for establishing a small satellite launch and processing facility in Hawaii.

• Studies shall address environmental impact, economic impact, and site selection for the proposed satellite facility.

• Appropriation requires the University of Hawaii to obtain matching funds from private sources before any state funds are made available.

• Includes funding for related public outreach programs to promote the small satellite industry in Hawaii.

• Takes effect July 1, 2017.