Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred H.B. No. 381, H.D. 1, entitled:

begs leave to report as follows:

The purpose of this measure is to extend the authorization date for special purpose revenue bonds issued to the Pacific Wellness Center.

The bill also clarifies the refunding provisions of the special purpose revenue bonds issued to the Pacific Wellness Center.

Your Committee finds that the Pacific Wellness Center is developing a facility specializing in the Hawaiian healing arts and the medicinal use of local plants. The facility will also contain an Institute of Acupuncture for the study and practice of the ancient Chinese application of acupuncture. The public interest in these medicinal methods of treatment warrants the continued support of the Pacific Wellness Center as it develops this facility.

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 381, H.D. 1, and recommends that it pass Third Reading.