Honolulu, Hawaii
H.D. 1
Speaker, House of Representatives
Thirty-Second State Legislature
State of Hawaii
Sir:
Your Committee on Consumer Protection & Commerce, to which was referred H.B. No. 660 entitled:
"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS FOR NOT-FOR-PROFIT CORPORATIONS THAT PROVIDE HEALTH CARE FACILITIES TO THE GENERAL PUBLIC,"
begs leave to report as follows:
The purpose of this measure is to authorize the issuance of special purpose revenue bonds to assist Hawaii Pacific Health with the construction of, improvement to, and equipping its facilities.
Your Committee received testimony in support of this measure from Hawai‘i Pacific Health and one individual. Your Committee received comments on this measure from the Department of Budget and Finance.
Your Committee finds that the Hawaii Pacific Health is commencing a multi-phase upgrade of its health care facilities to meet the changing and critical health care needs of the surrounding community. Your Committee further finds that authorizing the issuance of special purpose revenue bonds to assist Hawaii Pacific Health with financing for construction of and improvements to its facilities is in the best interest of public health.
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 Consumer Protection & Commerce that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 660, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 660, H.D. 1, and be referred to your Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Consumer Protection & Commerce,
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MARK M. NAKASHIMA, Chair |
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