STAND. COM. REP. NO. 3881

 

Honolulu, Hawaii

                

 

RE:    H.B. No. 1798

       H.D. 1

       S.D. 2

 

 

 

Honorable Ronald D. Kouchi

President of the Senate

Thirty-First State Legislature

Regular Session of 2022

State of Hawaii

 

Sir:

 

     Your Committee on Ways and Means, to which was referred H.B. No. 1798, H.D. 1, S.D. 1, entitled:

 

"A BILL FOR AN ACT RELATING TO SPECIAL PURPOSE REVENUE BONDS FOR ASSISTING 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 authorize the Department of Budget and Finance, with the approval of the Governor, to issue special purpose revenue bonds for the purpose of assisting The Queen's Health Systems in the financing of costs related to the construction, improvement, and equipping of health care facilities.

 

     Your Committee received written comments in support of this measure from The Queen's Health Systems.

 

     Your Committee received written comments on this measure from the Department of Budget and Finance.

 

     Your Committee finds that the construction, improvement, and equipping of health care facilities of The Queen's Health Systems, a not-for-profit corporation that provides health care facilities to the general public, is a project that qualifies for financing pursuant to part II, chapter 39A, Hawaii Revised Statutes.

 

     Your Committee has amended this measure by:

 

     (1)  Changing the appropriation from $750,000,000 to an unspecified amount; and

 

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

 

     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 H.B. No. 1798, H.D. 1, S.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 1798, H.D. 1, S.D. 2.

 

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

 

 

 

________________________________

DONOVAN M. DELA CRUZ, Chair