HB 1563 Summary

• Appropriates operating budget funds for the Department of Business, Economic Development, and Tourism (BED) for fiscal years 2019-2021.

• Establishes one permanent secretary position for the Office of Aerospace Development and one permanent accountant IV position for Statewide Planning and Coordination.

• Allocates $79,000,000 annually from transient accommodations tax to fund the Hawaii Tourism Authority.

• Provides funding for economic development programs including Hawaii Technology Development Corporation ($3,350,000 total), creative industries divisions, foreign trade zone, and Hawaii Green Infrastructure Authority.

• Effective date July 1, 2112.