Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Health, to which was referred H.B. No. 380 entitled:

begs leave to report as follows:

The purpose of this bill is to extend, from June 30, 2003, to June 30, 2008, the date on which the authorization to issue special purpose revenue bonds for the benefit of Pacific Sports Medicine and Research Center, Inc., shall lapse.

Several individuals submitted testimony in support of this bill. The Department of Budget and Finance submitted comments on this bill.

Your Committee recognizes that Pacific Sports Medicine and Research Center, Inc., is a not-for-profit corporation that serves the public through the development of a health care facility in the Koa Ridge area of Central Oahu.

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 H.B. No. 380 and recommends that it pass Second Reading and be referred to the Committee on Finance.