REPORT TITLE:
Health Care Facilities


DESCRIPTION:
Authorizes the issuance of special purpose revenue bonds to
assist not-for-profit Hawaii corporations that provide health
care facilities.  (SB1608 HD1)

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        1608
THE SENATE                              S.B. NO.           S.D. 1
TWENTIETH LEGISLATURE, 1999                                H.D. 1
STATE OF HAWAII                                            
                                                             
________________________________________________________________
________________________________________________________________


                   A  BILL  FOR  AN  ACT

AUTHORIZING THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS FOR
   NOT-FOR-PROFIT CORPORATIONS THAT PROVIDE HEALTH CARE
   FACILITIES.


BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 1                              PART I
 
 2      SECTION 1.  The legislature finds and declares that it is in
 
 3 the public interest to encourage the development of health care
 
 4 facilities in the State.  The legislature further finds that
 
 5 Pacific Women's Center, Inc., a not-for-profit Hawaii
 
 6 corporation, is engaged in the development of a health care
 
 7 facility and thereby serves the general public.
 
 8      The legislature further finds that Pacific Women's Center,
 
 9 Inc., is engaged in the planning, design, and construction of a
 
10 patient-focused facility.  The Pacific Women's Center would
 
11 consist primarily of a birthing center with postpartum, nursery,
 
12 labor, and delivery services.
 
13      The legislature further finds that Pacific Women's Center,
 
14 Inc., may be assisted through the issuance of special purpose
 
15 revenue bonds because its health care facility is a project
 
16 pursuant to part II, chapter 39A, Hawaii Revised Statutes.
 
17      The legislature finds and declares that the issuance of
 
18 special purpose revenue bonds under this part is in the public
 

 
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 1 interest and for the public health, safety, and general welfare
 
 2 of the State.
 
 3      SECTION 2.  Pursuant to part II, chapter 39A, Hawaii Revised
 
 4 Statutes, the department of budget and finance, with the approval
 
 5 of the governor, is authorized to issue special purpose revenue
 
 6 bonds in a total amount not to exceed $5,000,000, in one or more
 
 7 series, for the purpose of assisting Pacific Women's Center,
 
 8 Inc., a not-for-profit Hawaii corporation, or a Hawaii nonprofit
 
 9 affiliate of the same, with financing one or more of the
 
10 following:
 
11      (1)  Acquisition or leasing of land for a new facility;
 
12      (2)  Planning, design, and construction of a new health care
 
13           facility; and
 
14      (3)  Acquisition and installation of additional capital
 
15           equipment for use in connection with Pacific Women's
 
16           Center, Inc., facilities.
 
17      The legislature finds and determines that the activities and
 
18 facilities of Pacific Women's Center, Inc., and its affiliates
 
19 constitute a project as defined in part II, chapter 39A, Hawaii
 
20 Revised Statutes, and that the financing thereof is assistance to
 
21 a health care facility.
 

 
 
 
 
 
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 1                              PART II
 
 2      SECTION 3.  The legislature finds and declares that it is in
 
 3 the public interest to encourage the development of health care
 
 4 facilities in the State.  The legislature further finds that
 
 5 Pacific Saging Center, Inc., a not-for-profit Hawaii corporation,
 
 6 is engaged in the development of a health care facility and
 
 7 thereby serves the general public.
 
 8      The legislature further finds that Pacific Saging Center,
 
 9 Inc., is engaged in the planning, design, and construction of a
 
10 patient-focused facility.  The development would include such
 
11 items and activities as:
 
12      (1)  Saging center;
 
13      (2)  Child care;
 
14      (3)  Adult care;
 
15      (4)  Mentoring programs; and
 
16      (5)  Activity centers.
 
17      The legislature further finds that Pacific Saging Center,
 
18 Inc., may be assisted through the issuance of special purpose
 
19 revenue bonds because its health care facility is a project
 
20 pursuant to part II, chapter 39A, Hawaii Revised Statutes.
 
21      The legislature finds and declares that the issuance of
 
22 special purpose revenue bonds under this part is in the public
 
23 interest and for the public health, safety, and general welfare
 
24 of the State.
 

 
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 1      SECTION 4.  Pursuant to part II, chapter 39A, Hawaii Revised
 
 2 Statutes, the department of budget and finance, with the approval
 
 3 of the governor, is authorized to issue special purpose revenue
 
 4 bonds in a total amount not to exceed $10,000,000, in one or more
 
 5 series, for the purpose of assisting Pacific Saging Center, Inc.,
 
 6 a not-for-profit Hawaii corporation, or a Hawaii nonprofit
 
 7 affiliate of the same, with financing one or more of the
 
 8 following:
 
 9      (1)  Acquisition or leasing of land for a new facility;
 
10      (2)  Planning, design, and construction of a new health care
 
11           facility; and
 
12      (3)  Acquisition and installation of additional capital
 
13           equipment for use in connection with Pacific Saging
 
14           Center, Inc., facilities.
 
15      The legislature finds and determines that the activities and
 
16 facilities of Pacific Saging Center, Inc., and its affiliates
 
17 constitute a project as defined in part II, chapter 39A, Hawaii
 
18 Revised Statutes, and that the financing thereof is assistance to
 
19 a health care facility.
 
20                             PART III
 
21      SECTION 5.  The legislature finds and declares that it is in
 
22 the public interest to encourage the development of health care
 
23 facilities in the State.  The legislature further finds that
 

 
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 1 Pacific Sports Medicine & Research Center, Inc., a not-for-profit
 
 2 Hawaii corporation, is engaged in the development of a health
 
 3 care facility and thereby serves the general public.
 
 4      The legislature further finds that Pacific Sports Medicine &
 
 5 Research Center, Inc., is engaged in the planning, design, and
 
 6 construction of a patient-focused facility.
 
 7      The legislature further finds that Pacific Sports Medicine &
 
 8 Research Center, Inc., may be assisted through the issuance of
 
 9 special purpose revenue bonds because its health care facility is
 
10 a project pursuant to part II, chapter 39A, Hawaii Revised
 
11 Statutes.
 
12      The legislature finds and declares that the issuance of
 
13 special purpose revenue bonds under this part is in the public
 
14 interest and for the public health, safety, and general welfare
 
15 of the State.
 
16      SECTION 6.  Pursuant to part II, chapter 39A, Hawaii Revised
 
17 Statutes, the department of budget and finance, with the approval
 
18 of the governor, is authorized to issue special purpose revenue
 
19 bonds in a total amount not to exceed $30,000,000, in one or more
 
20 series, for the purpose of assisting Pacific Sports Medicine &
 
21 Research Center, Inc., a not-for-profit Hawaii corporation, or a
 
22 Hawaii nonprofit affiliate of the same, with financing one or
 
23 more of the following:
 

 
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 1      (1)  Acquisition or leasing of land for a new facility;
 
 2      (2)  Planning, design, and construction of a new health care
 
 3           facility; or
 
 4      (3)  Acquisition and installation of additional capital
 
 5           equipment for use in connection with Pacific Sports
 
 6           Medicine & Research Center, Inc., facilities.
 
 7      The legislature finds and determines that the activities and
 
 8 facilities of Pacific Sports Medicine & Research Center, Inc.,
 
 9 and its affiliates constitute a project as defined in part II,
 
10 chapter 39A, Hawaii Revised Statutes, and that the financing
 
11 thereof is assistance to a health care facility.
 
12                              PART IV
 
13      SECTION 7.  The legislature finds and declares that it is in
 
14 the public interest to encourage the development of health care
 
15 facilities in the State.  The legislature further finds that
 
16 Pacific Cardiac Institute, Inc., a not-for-profit Hawaii
 
17 corporation, is engaged in the development of a health care
 
18 facility and thereby serves the general public.
 
19      The legislature further finds that Pacific Cardiac
 
20 Institute, Inc., is engaged in the planning, design, and
 
21 construction of a patient-focused facility.
 
22      The legislature further finds that Pacific Cardiac
 
23 Institute, Inc., may be assisted through the issuance of special
 

 
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 1 purpose revenue bonds because its health care facility is a
 
 2 project pursuant to part II, chapter 39A, Hawaii Revised
 
 3 Statutes.
 
 4      The legislature finds and declares that the issuance of
 
 5 special purpose revenue bonds under this part is in the public
 
 6 interest and for the public health, safety, and general welfare
 
 7 of the State.
 
 8      SECTION 8.  Pursuant to part II, chapter 39A, Hawaii Revised
 
 9 Statutes, the department of budget and finance, with the approval
 
10 of the governor, is authorized to issue special purpose revenue
 
11 bonds in a total amount not to exceed $15,000,000, in one or more
 
12 series, for the purpose of assisting Pacific Cardiac Institute,
 
13 Inc., a not-for-profit Hawaii corporation, or a Hawaii nonprofit
 
14 affiliate of the same, with financing one or more of the
 
15 following:
 
16      (1)  Acquisition or leasing of land for a new facility;
 
17      (2)  Planning, design, and construction of a new health care
 
18           facility; or
 
19      (3)  Acquisition and installation of additional capital
 
20           equipment for use in connection with Pacific Cardiac
 
21           Institute, Inc., facilities.
 
22      The legislature finds and determines that the activities and
 
23 facilities of Pacific Cardiac Institute, Inc., and its affiliates
 

 
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 1 constitute a project as defined in part II, chapter 39A, Hawaii
 
 2 Revised Statutes, and that the financing thereof is assistance to
 
 3 a health care facility.
 
 4                              PART V
 
 5      SECTION 9.  The legislature finds and declares that it is in
 
 6 the public interest to encourage the development of health care
 
 7 facilities in the State.  The legislature further finds that
 
 8 Pacific Wellness Center, Inc., a not-for-profit Hawaii
 
 9 corporation, is engaged in the development of a health care
 
10 facility and thereby serves the general public.
 
11      The legislature further finds that Pacific Wellness Center,
 
12 Inc., is engaged in the planning, design, and construction of a
 
13 patient-focused facility.  The Pacific Wellness Center's health
 
14 focus would be on the Hawaiian healing arts, medicinal plants,
 
15 and also contain an Institute of Acupuncture.
 
16      The legislature further finds that Pacific Wellness Center,
 
17 Inc., may be assisted through the issuance of special purpose
 
18 revenue bonds because its health care facility is a project
 
19 pursuant to part II, chapter 39A, Hawaii Revised Statutes.
 
20      The legislature finds and declares that the issuance of
 
21 special purpose revenue bonds under this part is in the public
 
22 interest and for the public health, safety, and general welfare
 
23 of the State.
 

 
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 1      SECTION 10.  Pursuant to part II, chapter 39A, Hawaii
 
 2 Revised Statutes, the department of budget and finance, with the
 
 3 approval of the governor, is authorized to issue special purpose
 
 4 revenue bonds in a total amount not to exceed $5,000,000, in one
 
 5 or more series, for the purpose of assisting Pacific Wellness
 
 6 Center, Inc., a not-for-profit Hawaii corporation, or a Hawaii
 
 7 nonprofit affiliate of the same, with financing one or more of
 
 8 the following:
 
 9      (1)  Acquisition or leasing of land for a new facility;
 
10      (2)  Planning, design, and construction of a new health care
 
11           facility; and
 
12      (3)  Acquisition and installation of additional capital
 
13           equipment for use in connection with Pacific Wellness
 
14           Center, Inc., facilities.
 
15      The legislature finds and determines that the activities and
 
16 facilities of Pacific Wellness Center, Inc., and its affiliates
 
17 constitute a project as defined in part II, chapter 39A, Hawaii
 
18 Revised Statutes, and that the financing thereof is assistance to
 
19 a health care facility.
 
20                              PART VI
 
21      SECTION 11.  The legislature finds and declares that it is
 
22 in the public interest to encourage the development of health
 
23 care facilities in the State.  The legislature further finds that
 

 
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 1 Pacific Community Health and Wellness, Inc., a not-for-profit
 
 2 Hawaii corporation, is engaged in the development of a health
 
 3 care facility, and thereby serves the general public.
 
 4      The legislature further finds that Pacific Community Health
 
 5 and Wellness, Inc., is engaged in the planning, design, and
 
 6 construction of a patient-focused facility, Pacific Community
 
 7 Health and Wellness, Inc.
 
 8      The legislature further finds that Pacific Community Health
 
 9 and Wellness, Inc., may be assisted through the issuance of
 
10 special purpose revenue bonds because its health care facility is
 
11 a project pursuant to part II, chapter 39A, Hawaii Revised
 
12 Statutes.
 
13      The legislature finds and declares that the issuance of
 
14 special purpose revenue bonds under this part is in the public
 
15 interest and for the public health, safety, and general welfare
 
16 of the State.
 
17      SECTION 12.  Pursuant to part II, chapter 39A, Hawaii
 
18 Revised Statutes, the department of budget and finance, with the
 
19 approval of the governor, is authorized to issue special purpose
 
20 revenue bonds in a total amount not to exceed $500,000 in one or
 
21 more series, for the purpose of assisting Pacific Community
 
22 Health and Wellness, Inc., a not-for-profit Hawaii corporation,
 
23 or a Hawaii nonprofit affiliate of the same, with financing one
 
24 or more of the following:
 

 
Page 11                                                    1608
                                     S.B. NO.           S.D. 1
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 1      (1)  Acquisition or leasing of land for a new facility;
 
 2      (2)  Planning, design, and construction of a new health care
 
 3           facility; and
 
 4      (3)  Acquisition and installation of additional capital
 
 5           equipment for use in connection with Pacific Community
 
 6           Health and Wellness, Inc.
 
 7      The legislature finds and determines that the activities and
 
 8 facilities of Pacific Community Health and Wellness, Inc., and
 
 9 its affiliates constitute a project as defined in part II,
 
10 chapter 39A, Hawaii Revised Statutes, and that the financing
 
11 thereof is assistance to a health care facility.
 
12                             PART VII
 
13      SECTION 13.  The special purpose revenue bonds issued under
 
14 this Act shall be issued pursuant to part II, chapter 39A, Hawaii
 
15 Revised Statutes, relating to the authority to issue special
 
16 purpose revenue bonds to assist not-for-profit corporations that
 
17 provide health care facilities to the general public.
 
18      SECTION 14.  The department of budget and finance is
 
19 authorized to issue from time to time refunding special purpose
 
20 revenue bonds in such principal amounts as the department shall
 
21 determine to be necessary to refund the special purpose revenue
 
22 bonds authorized in sections 2, 4, 6, 8, 10, and 12.  In making
 

 
 
 
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 1 this determination, the department shall comply with federal law
 
 2 relating to the exemption from federal income taxation of the
 
 3 interest on bonds of the nature authorized under this section.
 
 4      SECTION 15.  The authorization to issue special purpose
 
 5 revenue bonds under this Act shall lapse on June 30, 2003.
 
 6      SECTION 16.  This Act shall take effect upon its approval.