STAND. COM. REP. NO. 520

                                   Honolulu, Hawaii
                                                     , 1999

                                   RE:  S.B. No. 1608
                                        




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 S.B. No. 1608 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 measure is to authorize the issuance of
special purpose revenue bonds to fund the establishment of health
care facilities in the State by not-for-profit corporations.

     Specifically, the measure authorizes the issuance of special
purpose revenue bonds and appropriates the same sums for the
following purposes:

     (1)  $5 million for the Pacific Women's Center, Inc., a not-
          for-profit Hawaii corporation, to establish a health
          care facility in Central Oahu;

     (2)  $500,000 for the Pacific Saging, Inc., a not-for-profit
          Hawaii corporation, to establish a new health care
          facility;

     (3)  $20 million for the Pacific Sports Medicine & Research,
          Inc., a not-for-profit Hawaii corporation, to establish
          a health care facility in Central Oahu;


 
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     (4)  $15 million for the Pacific Cardiac Institute, Inc., a
          not-for-profit Hawaii corporation, to establish a
          health care facility in Central Oahu; and

     (5)  $5 million for the Pacific Wellness Center, Inc., a
          not-for-profit Hawaii corporation, to establish a
          health care facility in Central Oahu.

     Testimony in support of the measure was received from the
Wahiawa Hospital Association, Wahiawa General Hospital, Central
Oahu Physician Hospital Organization, representatives of the
Physician Center of Mililani, the President of the American Heart
Association of Hawaii, a number of physicians, a certified
athletic trainer, and a petition containing numerous supporters
of the measure.

     Your Committee finds that there is a pressing need to
provide affordable, quality health care facilities for Hawaii's
citizens.  By authorizing the issuance of special purpose revenue
bonds for this purpose, the State will be assisting in the
provision of low cost financing for projects that meet this
pressing need.

     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
of S.B. No. 1608 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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