STAND. COM. REP. NO. 2457

 

Honolulu, Hawaii

                  

 

RE:    S.B. No. 2274

       S.D. 2

 

 

 

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

 

Madam:

 

     Your Committee on Ways and Means, to which was referred S.B. No. 2274, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST HAWAII PACIFIC HEALTH,"

 

begs leave to report as follows:

 

     The purpose of this measure is to authorize the issuance of special purpose revenue bonds to assist Hawaii Pacific Health in the acquisition or construction of health care facilities.

 

     Your Committee received written comments in support of the measure from Hawaii Pacific Health and the Healthcare Association of Hawaii.  The written comments may be reviewed on the Legislature's website.

 

     Your Committee finds that proceeds from the bond issuance will assist Hawaii Pacific Health with the renovation of its hospital facilities and the purchase of medical equipment, thereby enabling it to provide health care services and meet the needs of patients in a cost-effective manner.

 

     Your Committee has amended this measure by:

 

(1)  Changing the effective date to July 1, 2050, to facilitate further discussion on the measure; and

 

(2)  Making technical nonsubstantive amendments for the purposes of clarity and style.

 

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2274, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2274, S.D. 2.

 

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

 

		____________________________ DONNA MERCADO KIM, Chair