STAND. COM. REP. NO. 1245

                                   Honolulu, Hawaii
                                                     , 1999

                                   RE:  H.B. No. 1257
                                        H.D. 1
                                        S.D. 1




Honorable Norman Mizuguchi
President of the Senate
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Ways and Means, to which was referred H.B.
No. 1257, H.D. 1, S.D. 1, entitled:

     "A BILL FOR AN ACT AUTHORIZING THE ISSUANCE OF SPECIAL
     PURPOSE REVENUE BONDS FOR NOT-FOR-PROFIT CORPORATIONS THAT
     PROVIDE HEALTH CARE FACILITIES,"

begs leave to report as follows:

     The purpose of this bill is to authorize the issuance of
special purpose revenue bonds for Pacific Wellness Center, Inc.

     Your Committee finds that Pacific Wellness Center, Inc.,  is
engaged in the planning for a patient-focused facility with
emphasis on Hawaiian healing arts, medicinal plants, and
acupuncture.  Your Committee finds that alternative medicine of
these types is widely accepted by Hawai'i residents and that
there is a distinct need for these types of medical services.
Issuance of special purpose revenue bonds for Pacific Wellness
Center, Inc., is in the public interest and for the public
health, safety, and general welfare of the State.

     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.
1257, H.D. 1, S.D. 1, and recommends that it pass Third Reading.


 
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                                   STAND. COM. REP. NO. 1245
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                                 Respectfully submitted on behalf
                                 of the members of the Committee
                                 on Ways and Means,



                                 ________________________________
                                 CAROL FUKUNAGA, Co-Chair



                                 ________________________________
                                 ANDREW LEVIN, Co-Chair

 
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