STAND. COM. REP. NO. 1206

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: S.B. No. 1608
                                     S.D. 1
                                     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 Health, to which was referred S.B. No.
1608, 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
special purpose revenue bonds to fund the establishment of the
following health care facilities in the State by not-for-profit
corporations:

     (1)  Pacific Women's Center, Inc.;

     (2)  Pacific Saging Center, Inc., providing such activities
          as saging center, child care, adult care, mentoring
          programs, and activity centers;

     (3)  Pacific Sports Medicine & Research Center, Inc.;

     (4)  Pacific Cardiac Institute, Inc.; and

     (5)  Pacific Wellness Center, Inc.

     The Wahiawa Hospital Association, Wahiawa General Hospital,
Central Oahu Physician Hospital Organization, and several
concerned individuals submitted testimony in support of this
measure.

 
                                 STAND. COM. REP. NO. 1206
                                 Page 2

 

     Your Committee has amended this measure by:

     (1)  Deleting references to central Oahu;

     (2)  Changing the lapsing date of bond authorization
          issuance from June 30, 2001, to June 30, 2003;

     (3)  Increasing the amount for the Pacific Saging Center,
          Inc, from $500,000 to $10,000,000;

     (4)  Increasing the amount for the Pacific Sports Medicine &
          Research Center, Inc., from $20,000,000 to $30,000,000;

     (5)  Authorizing the issuance of special purpose revenue
          bonds for Pacific Community Health and Wellness, Inc.,
          in the amount of $500,000; and

     (6)  Making technical amendments for purposes of style,
          clarity, and consistency.

     As affirmed by the record of votes of the members of your
Committee on Health that is attached to this report, your
Committee is in accord with the intent and purpose of S.B. No.
1608, S.D. 1, as amended herein, and recommends that it pass
Second Reading in the form attached hereto as S.B. No. 1608, S.D.
1, H.D. 1, and be referred to the Committee on Finance.

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



                                   ______________________________
                                   ALEXANDER C. SANTIAGO, Chair