STAND. COM. REP. NO. 629

                                   Honolulu, Hawaii
                                                     , 1999

                                   RE:  S.B. No. 1609
                                        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 S.B.
No. 1609 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 Wahiawa Central-Oahu Health
Center, Inc., or its affiliate.

     Wahiawa Central-Oahu Health Center, Inc., is a not-for-
profit Hawaii corporation that plans to utilize the bonds to
establish and operate a health care facility in Central Oahu or
acquire and install additional capital equipment for use in a
Wahiawa central-Oahu center facility.

     Your Committee concurs with the testimony presented at the
hearing conducted by the Health and Human Services Committee that
there is a need for quality affordable health care in central
Oahu and that it would be in the public's interest to support the
objectives of Wahiawa Central-Oahu Health Center, Inc.

     Your Committee has amended the bill by making technical
amendments that have no substantive effect.


 
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                                   STAND. COM. REP. NO. 629
                                   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 S.B. No.
1609, as amended herein, and recommends that it pass Third
Reading in the form attached hereto as S.B. No. 1609, 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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