Bill Text: HI SB2939 | 2012 | Regular Session | Amended

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

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Bill Title: St. Francis Healthcare System; Hawaii Medical Center East; Special Purpose Revenue Bonds

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2012-07-06 - (S) Act 227, 7/5/2012 (Gov. Msg. No. 1330). [SB2939 Detail]

Download: Hawaii-2012-SB2939-Amended.html

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STAND. COM. REP. NO.  1190-12

 

Honolulu, Hawaii

                , 2012

 

RE:   S.B. No. 2939

      S.D. 1

      H.D. 1

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Sixth State Legislature

Regular Session of 2012

State of Hawaii

 

Sir:

 

     Your Committee on Health, to which was referred S.B. No. 2939, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST ST. FRANCIS HEALTHCARE SYSTEM OF HAWAII,"

 

begs leave to report as follows:

 

     The purpose of this measure is to provide for the public health, safety, and general welfare of the community by authorizing the issuance of special purpose revenue bonds to assist St. Francis Healthcare System of Hawaii to finance the construction, improvement, and equipment of its healthcare facilities.

 

     St. Francis Healthcare System of Hawaii, Healthcare Association of Hawaii, and Hawaii Catholic Conference testified in support of this measure.

 

     Your Committee has amended this measure by deleting the provision allowing the special purpose revenue bonds to be used for refinancing debt related to financing the construction, improvement, and equipment of St. Francis Healthcare System of Hawaii healthcare facilities.

 

     As affirmed by the record of votes of the members of your Committee on Health that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2939, S.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 2939, S.D. 1, H.D. 1, and be referred to the Committee on Finance.

 

Respectfully submitted on behalf of the members of the Committee on Health,

 

 

		____________________________ RYAN I. YAMANE, Chair