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HI HB1608
Bill
Status
1/21/2026
Primary Sponsor
Greggor Ilagan
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AI Summary
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Authorizes the Department of Budget and Finance to issue special purpose revenue bonds to assist Fenix Space, Inc., a Delaware corporation, for space-related infrastructure in Hawaii
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Funds the planning, design, procurement, and construction of a Fenix launch platform system and the Fenix Space Hilo flight operations facility at Hilo International Airport
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The Hilo facility will include offices, a payload integration clean room, and hangar space with special equipment
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Bond issuance authorization is valid from July 1, 2026, through December 31, 2028, with the overall authorization lapsing on June 30, 2031
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The Department may issue refunding bonds after June 30, 2031, to refinance the original special purpose revenue bonds as needed
Legislative Description
Relating To The Issuance Of Special Purpose Revenue Bonds To Assist Fenix Space, Inc.
SPRB
Last Action
Passed Second Reading as amended in HD 1 and referred to the committee(s) on TRN with none voting aye with reservations; none voting no (0) and Representative(s) Holt excused (1).
2/11/2026