Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Conference on the disagreeing vote of the Senate to the amendments proposed by the House of Representatives in S.B. No. 3135, S.D. 1, H.D. 1, entitled:

having met, and after full and free discussion, has agreed to recommend and does recommend to the respective Houses the final passage of this bill in an amended form.

The purpose of this measure is to authorize the issuance of special purpose revenue bonds in the amount of $85,000,000 to assist St. Francis Healthcare System of Hawaii to finance the construction, improvement, and equipment of health care facilities.

Your Committee on Conference finds that the activities and facilities of St. Francis Healthcare System of Hawaii provide invaluable health care services to the general public. Your Committee on Conference places a high priority on ensuring the public welfare by supporting nonprofit health care facilities like the St. Francis Healthcare System of Hawaii.

Your Committee on Conference has amended this measure by correcting the defective effective date of July 1, 2010, and making the measure effective upon approval.

As affirmed by the record of votes of the managers of your Committee on Conference that is attached to this report, your Committee on Conference is in accord with the intent and purpose of S.B. No. 3135, S.D. 1, H.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as S.B. No. 3135, S.D. 1, H.D. 1, C.D. 1.