The United States Senate has approved a $625.1 billion defense bill for the next fiscal year. Specifically for Hawaii, the bill will bring new MV-22 Osprey tilt-rotor aircraft to Kaneohe Bay Marine Corp Base and will provide funding to modernize the Pearl Harbor Naval Shipyard. There will also be more than $400 million designated for military construction in Hawaii. The President will still have to sign off on the bill before it is passed into law.
United States Representative Colleen Hanabusa, (HI) stated, "The (National Defense Authorization Act) affirms Hawaii's continued importance as the doorstep to Asia and the Pacific, providing for Hawaii's needs and our nation's defense priorities. That has always been my goal. The bill includes vital funding for our state's defense projects, which means jobs, infrastructure improvements, and investment in breakthrough research and development." United States Senator Brian Schatz (HI) added, "As the U.S. moves towards a strategic re-balancing to the Asia Pacific, Hawaii plays an ever-increasingly critical role."
Source: Honolulu Star Advertiser, 12-20-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
Global Executive Realty, LLC
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