STAND. COM. REP. NO.818-02

Honolulu, Hawaii

, 2002

RE: S.B. No. 2052

H.D. 1

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-First State Legislature

Regular Session of 2002

State of Hawaii

Sir:

Your Committee on Health, to which was referred S.B. No. 2052 entitled:

"A BILL FOR AN ACT RELATING TO SPECIAL PURPOSE REVENUE BONDS,"

begs leave to report as follows:

The purpose of this bill is to authorize the issuance of special purpose revenue bonds (SPRBs) to assist Hawaii Pacific Health (HPH) and its not-for-profit affiliates in the acquisition or construction of health care facilities, renovation of existing facilities, acquisition of land, equipment, and technology, and other capital-related projects.

The Chamber of Commerce of Hawaii and HPH submitted testimony in support of this measure.

HPH is a new health system formed by the recent merger of Kapiolani Hospitals, Straub Hospital and Clinic, and Wilcox Hospital. As a result of the merger, HPH is now the largest health care delivery system in the State. Some of HPH's major projects include providing equipment and improvements to the Heart Center at Straub, nurseries at Kapiolani Women and Children's Center, and construction of a Diagnostic Center for Wilcox Hospital on Kauai so that patients may be treated without having to travel to Honolulu.

 

Your Committee has amended this bill by:

(1) Repealing the provision that prohibits the issuance of SPRBs after June 30, 2003;

(2) Changing the lapsing date of the SPRBs for HPH to June 30, 2007; and

(3) Making technical, nonsubstantive amendments for purposes of clarity and style.

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. 2052, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 2052, H.D. 1, and be referred to the Committee on Finance.

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

 

____________________________

DENNIS A. ARAKAKI, Chair