HI SB935

Establishes the Office of Aerospace Development within the Hawaii Technology Development Corporation rather than the Department of Business, Economic Development, and Tourism.

Repeals all statutory provisions related to the Pacific International Space Center for Exploration Systems and transfers its rights, powers, functions, and duties to the Office of Aerospace Development.

Creates a nine-member Aerospace Advisory Committee composed of four aerospace industry representatives, four county economic development board representatives, and one University of Hawaii representative to advise on aerospace development statewide.

Authorizes the director of the office to oversee space-related activities, promote aerospace industries, manage unmanned aerial system test ranges, and develop public-private partnerships to advance Hawaii's aerospace sector.

Prohibits any space vehicles launched from Hawaii from carrying weapons of destruction, nuclear waste materials, or using radioactive materials as a power source; effective July 1, 2050.