Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Health, to which was referred S.B. No. 3135 entitled:

begs leave to report as follows:

The purpose of this measure is to authorize the issuance of special purpose revenue bonds to assist St. Francis Healthcare System of Hawaii and its affiliates in financing equipment purchases and the construction and improvement of health care facilities.

Testimony in support of the measure was submitted by the St. Francis Healthcare System of Hawaii.

Your Committee finds that the activities and facilities of St. Francis Healthcare System of Hawaii provide invaluable health care services to the general public. Your Committee 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 amended this measure by extending by one year the duration of the authorization and lapsing date.

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. 3135, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 3135, S.D. 1, and be referred to the Committee on Ways and Means.