CONFERENCE COMMITTEE REP. NO. 3
Honolulu, Hawaii
, 2005
RE: S.B. No. 459
S.D. 2
H.D. 1
C.D. 1
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. 459, S.D. 2, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO SPECIAL PURPOSE REVENUE BONDS,"
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 $30,000,000 in special purpose revenue bonds to assist Hawaii Pacific Health in financing, refinancing, and reimbursing costs related to the acquisition or construction of health care facilities, development of information technology and software, and other related projects.
The bill also amends the definition of "project agreement" under the special purpose revenue bond law relating to health care facilities to include lease financing.
Your Committee on Conference amended this measure by:
(1) Amending the definition of "health care facility", "facility", or "project" under the special purpose revenue bond law so that special purpose revenue bonds may be used for the purchase of computer software and technology; and
(2) Amending the effective date of the measure to take effect upon its 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. 459, S.D. 2, H.D. 1, as amended herein, and recommends that it pass Final Reading in the form attached hereto as S.B. No. 459, S.D. 2, H.D. 1, C.D. 1.
Respectfully submitted on behalf of the managers:
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ON THE PART OF THE HOUSE |
ON THE PART OF THE SENATE |
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____________________________ Dennis A. Arakaki, Co-Chair |
____________________________ Rosalyn H. Baker, Chair |
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____________________________ Scott Nishimoto, Co-Chair |
____________________________ Shan S. Tsutsui, Co-Chair |
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