Honorable Robert Bunda

President of the Senate

Twenty-Third State Legislature

Regular Session of 2005

State of Hawaii

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Third State Legislature

Regular Session of 2005

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. 1872, 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 to assist Palolo Chinese Home, a Hawaii not-for-profit corporation, and its not-for-profit subsidiaries, in financing the expansion, construction, and rebuilding of its health care facilities.

In operation since 1917, Palolo Chinese Home is Hawaii's largest and second oldest adult care home facility. Its mission is to assist and care for the aged and indigent, maintain homes for them, and alleviate their suffering and distress through works of charity, mercy, and benevolence. To fulfill this mission, Palolo Chinese Home provides the elderly with extended care and intermediate and skilled nursing care, as well as community services for those who wish to remain in their own homes, including good neighbor referral service, adult daycare, meal delivery, overnight respite services, and access to its community-based, integrated information network to services for the elderly.

Your Committee on Conference has amended this measure by authorizing the issuance of special purpose revenue bonds in the amount of $40,000,000, and changing the effective date to July 1, 2005.

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. 1872, H.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as S.B. No. 1872, H.D. 1, C.D. 1.