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 S.B. No. 3, S.D. 1, entitled:

begs leave to report as follows:

The purpose of this measure is to authorize the issuance of special purpose revenue bonds (SPRBs) for North Hawaii Community Hospital, Inc. (NHCH).

The North Hawaii Community Hospital and two individuals submitted testimony in support of this measure.

Your Committee finds that the issuance of SPRBs to assist NHCH to provide for the growing needs of the north Hawaii community is in the public interest and for the public health, safety, and general welfare of the state.

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. 3, S.D. 1, and recommends that it pass Second Reading and be referred to the Committee on Finance.