Bill Text: HI SB2383 | 2012 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: The Queen's Health Systems; Special Purpose Revenue Bonds

Spectrum: Moderate Partisan Bill (Democrat 7-1)

Status: (Passed) 2012-07-06 - (S) Act 228, 7/5/2012 (Gov. Msg. No. 1331). [SB2383 Detail]

Download: Hawaii-2012-SB2383-Amended.html

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STAND. COM. REP. NO. 2586

 

Honolulu, Hawaii

                  

 

RE:    S.B. No. 2383

       S.D. 1

 

 

 

Honorable Shan S. Tsutsui

President of the Senate

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

 

Sir:

 

     Your Committee on Ways and Means, to which was referred S.B. No. 2383 entitled:

 

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST NOT-FOR-PROFIT CORPORATIONS THAT PROVIDE HEALTH CARE FACILITIES TO THE GENERAL PUBLIC,"

 

begs leave to report as follows:

 

The purpose and intent of this measure is to support health care services by extending until June 30, 2018, the authorization to issue special purpose revenue bonds to assist The Queen's Health Systems with the renovation and expansion of its health care facilities.

 

Your Committee finds that it is in the public interest and for the public health, safety, and general welfare to assist in the improvement of health care for residents of the State.  Your Committee further finds that this measure will allow The Queen's Health Systems to continue its ongoing renovation and construction of health care facilities and acquisition of equipment, land, and information technology, ultimately improving the level of health care services to the residents of the State.

 

     Your Committee has amended this measure by:

 

     (1)  Clarifying that the extension of bond authorization is not subject to the five-year limitation of section 39A-37(a), Hawaii Revised Statutes; and

 

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

 

     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. 2383, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 2383, S.D. 1.

 

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

 

		____________________________ DAVID Y. IGE, Chair