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HI HB574
Bill
Status
3/7/2017
Primary Sponsor
Mark Nakashima
Click for details
AI Summary
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Establishes a basalt materials research account within the Pacific International Space Center for Exploration Systems (PISCES) Special Fund to receive royalties from state land leases for basalt cinder and trap rock manufacturers.
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Directs all deposited royalties to support PISCES in the sustained and continued development of basalt-based products and materials for aerospace and terrestrial applications.
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Removes the previous requirement that excess funds in the PISCES special fund lapse to the state general fund at the end of each fiscal year.
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Takes effect July 1, 2038, and sunsets on December 31, 2030, after which the prior law will be reinstated.
Legislative Description
Relating To The Pacific International Space Center For Exploration Systems.
Excise Tax
Last Action
Carried over to 2018 Regular Session.
11/30/2017