STAND. COM. REP. NO. 1023_______

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: H.B. No. 877
                                     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.
877 entitled: 

     "A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL
     PURPOSE REVENUE BONDS FOR KUAKINI MEDICAL CENTER,"

begs leave to report as follows:

     The purpose of this bill is to authorize the issuance of
special purpose revenue bonds for Kuakini Medical Center to
finance construction of, improvement to, and equipment for its
health care facilities.

     Kuakini Medical Center testified in support of the bill.
The Department of Budget and Finance commented on the bill.

     Your Committee has amended the bill by making technical,
nonsubstantive revisions for 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.
877, as amended herein, and recommends that it pass Third Reading
in the form attached hereto as H.B. No. 877, H.D. 1.


 
 
 
 
 
 
 
                                 STAND. COM. REP. NO. 1023_______
                                 Page 2

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair