STAND. COM. REP. NO. 402

Honolulu, Hawaii

, 2023

RE: H.B. No. 1255

H.D. 1

Honorable Scott K. Saiki

Speaker, House of Representatives

Thirty-Second State Legislature

Regular Session of 2023

State of Hawaii

Sir:

Your Committee on Health & Homelessness, to which was referred H.B. No. 1255 entitled:

"A BILL FOR AN ACT RELATING TO SPECIAL PURPOSE REVENUE BONDS,"

begs leave to report as follows:

The purpose of this measure is to authorize the issuance of special purpose revenue bonds to assist West Maui Hospital Foundation, Inc., in the construction of West Maui Hospital and Medical Center, including any necessary infrastructure.

Your Committee received testimony in support of this measure from the Maui County Council; West Maui Hospital Foundation, Inc.; Maui Chamber of Commerce; and eight individuals. Your Committee received comments on this measure from the Department of Budget and Finance.

Your Committee finds that the West Maui community critically needs a hospital. Special purpose revenue bonds are an important tool that may be used to financially support the development of health care facilities. Your Committee believes that the establishment of a new hospital in West Maui must be done in partnership with the County of Maui to ensure the availability of necessary resources before construction commences. This measure requires the County of Maui to serve as guarantor for the debt service on those special purpose revenue bonds that will help to build the capital required to realize the construction and operation of this long-overdue medical facility, which will provide the region with its first acute care hospital.

Your Committee has amended this measure by:

(1) Changing the effective date to June 30, 3000, to encourage further discussion; and

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

As affirmed by the record of votes of the members of your Committee on Health & Homelessness that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 1255, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 1255, H.D. 1, and be referred to your Committee on Finance.

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

____________________________

DELLA AU BELATTI, Chair