STAND. COM. REP. NO. 1249

                                   Honolulu, Hawaii
                                                     , 1999

                                   RE:  H.B. No. 1617
                                        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. 1617, 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 up
to $10,000,000 in special purpose revenue bonds to assist Pacific
Saging Center, Inc., a Hawaii nonprofit corporation that provides
health care facilities.

     Your Committee agrees with the intent of this bill, which
will encourage the development of health care in Hawaii.  Your
Committee finds that Pacific Saging Center, Inc., is engaged in
the planning, design, and construction of a patient-focused
facility, which will include such items and activities as a
saging center, child care, adult care, mentoring programs, and
activity centers.  Your Committee further finds that Pacific
Saging Center, Inc., may be assisted through the issuance of
special purpose revenue bonds because its health care facility is
a health care project pursuant to part II, chapter 39A, Hawaii
Revised Statutes.


 
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                                   STAND. COM. REP. NO. 1249
                                   Page 2


     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.
1617, 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,



                                 ________________________________
                                 CAROL FUKUNAGA, Co-Chair



                                 ________________________________
                                 ANDREW LEVIN, Co-Chair

 
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