STAND. COM. REP. NO. 1104

                                   Honolulu, Hawaii
                                                     , 1999

                                   RE:  H.B. No. 877
                                        H.D. 1




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

Sir:

     Your Committee on Health and Human Services, to which was
referred H.B. No. 877, H.D. 1, 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 measure is to authorize the issuance of
special purpose revenue bonds for not-for-profit corporations
that provide health care facilities.

     Your Committee received testimony in support of this measure
from the Kuakini Health System.

     Your Committee finds that Kuakini Medical Center (KMC), a
not-for-profit Hawaii corporation, and one or more of its
not-for-profit affiliates, are engaged in the development of a
health care facility and thereby serve the public.  This measure
is intended to refund special purpose revenue bonds originally
authorized in the amount of $20,000,000, under Act 16, Session
Laws of Hawaii 1981, First Special Session, and to finance or
refinance the costs of construction of, improvements to, and
equipment for the facilities of KMC and its affiliates; purchase
of tangible assets (including land and improvements); and other
capital-related projects.

     As affirmed by the record of votes of the members of your
Committee on Health and Human Services that is attached to this
report, your Committee is in accord with the intent and purpose

 
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                                   STAND. COM. REP. NO. 1104
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of H.B. No. 877, H.D. 1, and recommends that it pass Second
Reading and be referred to the Committee on Ways and Means.

                                   Respectfully submitted on
                                   behalf of the members of the
                                   Committee on Health and Human
                                   Services,



                                   ______________________________
                                   SUZANNE CHUN OAKLAND, Chair

 
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