STAND. COM. REP. NO. 966

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: H.B. No. 1286
                                     H.D. 1




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No.
1286 entitled: 

     "A BILL FOR AN ACT RELATING TO SPECIAL PURPOSE REVENUE BONDS
     FOR NORTH HAWAII COMMUNITY HOSPITAL, INC,"

begs leave to report as follows:

     The purpose of this bill is to issue special purpose revenue
bonds to assist the North Hawaii Community Hospital, Inc., in
financing, refinancing, or both, of one or more of the following:

     (1)  Retirement of outstanding debt;

     (2)  Construction of new additions to existing facilities;

     (3)  Acquisition and installation of additional equipment;
          and

     (4)  Renovation and repair.

     The North Hawaii Community Hospital testified in support of
this bill.

     Your Committee has amended this bill by making technical,
nonsubstantive changes for purposes of style and clarity.

     As affirmed by the record of votes of the members of your
Committee on Finance that is attached to this report, your
Committee is in accord with the intent and purpose of H.B. No.

 
 
                                 STAND. COM. REP. NO. 966
                                 Page 2

 
1286, as amended herein, and recommends that it pass Third
Reading in the form attached hereto as H.B. No. 1286, H.D. 1.

                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Finance,



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair