REPORT TITLE:
Ewa Villages Development

DESCRIPTION:
Authorizes a special purpose revenue bond to assist the Ewa
villages community development corporation in financing the
development and construction of the Ewa villages project.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        
THE SENATE                              S.B. NO.           200
TWENTIETH LEGISLATURE, 1999                                
STATE OF HAWAII                                            
                                                             
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                     A BILL FOR AN ACT
RELATING TO SPECIAL PURPOSE REVENUE BONDS FOR THE EWA VILLAGES
   COMMUNITY DEVELOPMENT CORPORATION.


BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 1      SECTION 1.  The legislature finds and declares that the
 
 2 issuance of special purpose revenue bonds under this Act is in
 
 3 the public interest for the health, safety, and general welfare
 
 4 of the State.
 
 5      SECTION 2.  Pursuant to part II, chapter 39A, Hawaii Revised
 
 6 Statutes, the department of budget and finance, with the approval
 
 7 of the governor, is authorized to issue special purpose revenue
 
 8 bonds in a total amount not to exceed $          , in one or more
 
 9 series, for the purpose of assisting the Ewa Villages Community
 
10 Development Corporation in financing the development and
 
11 construction of the Ewa villages project, a private, nonprofit
 
12 project, which will provide health care services to the frail
 
13 elderly and medically fragile infants and children.
 
14      The legislature finds and determines that the activities and
 
15 facilities of the Ewa Villages Community Development Corporation
 
16 constitute projects as defined in part II, chapter 39A, Hawaii
 
17 Revised Statutes, and the financing thereof is to assist a health
 
18 care facility.
 
19      SECTION 3.  The Ewa Villages Community Development
 
20 Corporation is a private, nonprofit organization which seeks to
 

 
Page 2                                                     
                                     S.B. NO.           200
                                                        
                                                        

 
 1 provide a continuum of health care services to both the frail
 
 2 elderly and medically fragile infants and children.  The program
 
 3 is designed to integrate an intergenerational concept for
 
 4 services, both residential as well as day care, within the seven
 
 5 and a half acre campus.  The program is designed to create a
 
 6 sense of belonging, warmth, and security in a nurturing
 
 7 environment.
 
 8     The Ewa Villages Community Development Corporation intends to
 
 9 provide the following programs:
 
10     (1)  Pediatric skilled nursing care;
 
11     (2)  Dementia/Alzheimer Unit - including day care for demented
 
12          clients with indoor/outdoor wandering areas;
 
13     (3)  Intergeneration day care for infants, toddlers, preschool
 
14          children, and the frail elderly with extended hours for
 
15          working caregivers;
 
16     (4)  Adult residential care/swing bed;
 
17     (5)  Respite care for short stay;
 
18     (6)  Caregiver training in early childhood development and
 
19          geriatric care;
 
20     (7)  Varied community based programs such as chore services,
 
21          meals, and case management.
 
22     SECTION 4.  The special purpose revenue bonds issued under this
 
23 Act shall be issued pursuant to part II, chapter 39A, Hawaii Revised
 

 
Page 3                                                     
                                     S.B. NO.           200
                                                        
                                                        

 
 1 Statutes, relating to the power to issue special purpose revenue
 
 2 bonds to assist nonprofit corporations that provide health care
 
 3 facilities to the general public.
 
 4     SECTION 5.  The department of budget and finance is authorized to
 
 5 issue from time to time, refunding special purpose revenue bonds in
 
 6 such principal amounts as the department shall determine to be
 
 7 necessary to refund the special purpose revenue bonds authorized in
 
 8 section 2.  In making this determination, the department shall comply
 
 9 with federal law relating to the exemption from federal income
 
10 taxation of the interest on bonds of the nature authorized under this
 
11 section.
 
12     SECTION 6.  The authorization to issue special purpose revenue
 
13 bonds under this Act shall lapse on June 30, 2003.
 
14     SECTION 7.  This Act shall take effect on July 1, 1999.
 
15 
 
16                           INTRODUCED BY:  _______________________