STAND. COM. REP. NO. 1450

                                   Honolulu, Hawaii
                                                     , 1999

                                   RE:  H.B. No. 1693
                                        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. 1693, H.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 Honolulu Neighborhood Housing
Services, Inc., a not-for-profit corporation that provides health
care facilities.

     Honolulu Neighborhood Housing Services, Inc., is engaged in
the development of senior citizen lifecare retirement
communities.  Your Committee finds that the average life
expectancy of citizens of Hawaii is longer than for citizens of
other states.  This means that the number of senior citizens who
may require assistance in their later years and who may be
interested in living in retirement homes can be expected to
increase.  It is important to begin planning for these lifecare
arrangements before our population ages and needs these services.
In fact, there is already a need for a certain amount of lifecare
housing communities as the culture of extended family living
dwindles and the elders are left on their own because two-income

 
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                                   STAND. COM. REP. NO. 1450
                                   Page 2


families in smaller homes are the norm and not the exception.
Therefore, your Committee finds that authorizing the issuance of
these special purpose revenue bonds is a recognition of the
State's responsibility towards our aging population well before
the need becomes too severe and the cost too high.

     Your Committee has amended this bill to require community
input in addition to the other requirements listed in Section 3
and made technical, nonsubstantive amendments.

     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.
1693, H.D. 1, as amended herein, and recommends that it pass
Third Reading in the form attached hereto as H.B. No. 1693, H.D.
1, S.D. 1.

                                 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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