STAND. COM. REP. NO. 1386-00

                                 Honolulu, Hawaii
                                                   , 2000

                                 RE: S.B. No. 2873
                                     S.D. 1
                                     H.D. 2




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 2000
State of Hawaii

Sir:

     Your Committee on Finance, to which was referred S.B. No.
2873, S.D. 1, H.D. 1, entitled: 

     "A BILL FOR AN ACT RELATING TO HAWAII HEALTH SYSTEMS
     CORPORATION,"

begs leave to report as follows:

     The purpose of this bill is to authorize a State guaranty
not to exceed $47,500,000 to secure the issuance of $38,000,000
in Hawaii Health Systems Corporation (HHSC) revenue bonds.

     The Maui Region Public Health Facility Management Advisory
Council, Hawaii Government Employees Association, the Chamber of
Commerce of Hawaii, Maui Memorial Medical Center, and two
individuals testified in support of this bill.  The Department of
Budget and Finance testified in opposition to this bill.

     Your Committee has amended this bill by:

     (1)  Changing the effective date to July 1, 2005; and

     (2)  Making tehcnical, nonsubstantive changes for clarity
          and style.

     As affirmed by the record of votes of the members of your
Committee on Finance that is attached to this report, your
Committee is in accord with the intent and purpose of S.B. No.
2873, S.D. 1, H.D. 1, as amended herein, and recommends that it

 
 
                                 STAND. COM. REP. NO. 1386-00
                                 Page 2

 
pass Third Reading in the form attached hereto as S.B. No. 2873,
S.D. 1, H.D. 2.

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



                                   ______________________________
                                   DWIGHT Y. TAKAMINE, Chair