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. 645 entitled:

begs leave to report as follows:

The purpose of this bill is to authorize the issuance of up to $200,000,000 in special purpose revenue bonds to improve, expand, and equip the health care facilities belonging to The Queen's Health Systems.

The Queen's Health Systems; Healthcare Association of Hawaii; Hawaii Building and Construction Trades Council, AFL-CIO; Laborers' International Union of North America Local 368, AFL-CIO; and Hawaii Operating Engineers Industry Stabilization Fund provided testimony in support of this bill.

Your Committee finds that the issuance of special purpose revenue bonds under this bill is in the public interest and for the public health, safety and general welfare.

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. 645 and recommends that it pass Second Reading and be referred to the Committee on Finance.