STAND. COM. REP. NO. 1590

Honolulu, Hawaii

RE: H.B. No. 1255

H.D. 1

S.D. 1

Honorable Ronald D. Kouchi

President of the Senate

Thirty-Second State Legislature

Regular Session of 2023

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred H.B. No. 1255, H.D. 1, S.D. 1, entitled:

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

begs leave to report as follows:

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

Your Committee received written comments in support of this measure from the Maui County Council, Maui Hotel and Lodging Association, Maui Chamber of Commerce, and one individual.

Your Committee received written comments on this measure from the Department of Budget and Finance; Office of the Mayor for the County of Maui; and West Maui Hospital Foundation, Inc.

Your Committee finds that the construction of a hospital and acute care center in West Maui will improve access to healthcare for medically underserved communities and create jobs. The special purpose revenue bonds authorized by this measure will provide the financial support necessary to pursue the hospital's development.

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. 1255, H.D. 1, S.D. 1, and recommends that it pass Third Reading.

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

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DONOVAN M. DELA CRUZ, Chair