STAND. COM. REP. 771
Honolulu, Hawaii
, 2003
RE: H.B. No. 379
H.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Second State Legislature
Regular Session of 2003
State of Hawaii
Sir:
Your Committee on Finance, to which was referred H.B. No. 379 entitled:
"A BILL FOR AN ACT RELATING TO 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 extend from June 30, 2003, to June 30, 2008, the authorization to issue special purpose revenue bonds for the development of the Pacific Saging Center, Inc.
The Wahiawa General Hospital; Wahiawa-Central Oahu Health Center; The Wahiawa Hospital Association; Pacific Sports Medicine & Research Center, Inc.; Pyrus, Incorporated; Pacific Sportscare; Financial Resource Group, LLC; and Meritage Healthcare Strategies, LLC, submitted testimony in support of this measure. The Department of Budget and Finance recommended amendments.
Your Committee has amended this bill by:
(1) Permitting the refunding of the authorized bonds at any appropriate time, including after the June 30, 2008, lapse date; and
(2) Making technical, nonsubstantive amendments for purposes of clarity, consistency, 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 H.B. No. 379, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 379, H.D. 1.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ DWIGHT Y. TAKAMINE, Chair |
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