STAND. COM. REP. NO. 1366
Honolulu, Hawaii
, 2005
RE: S.B. No. 459
S.D. 2
H.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Third State Legislature
Regular Session of 2005
State of Hawaii
Sir:
Your Committee on Finance, to which was referred S.B. No. 459, S.D. 2, entitled:
"A BILL FOR AN ACT RELATING TO SPECIAL PURPOSE REVENUE BONDS,"
begs leave to report as follows:
The purpose of this bill is to improve the law governing special purpose revenue bonds (SPRBs) and assist Hawaii Pacific Health by:
(1) Broadening the definition of "project agreement" in regard to authorizing the issuance of SPRBs to assist nonprofit health care facilities; and
(2) Authorizing $30,000,000 in SPRBs to Hawaii Pacific Health to finance the acquisition or construction of health care facilities.
Hawaii Pacific Health supported this bill. The Department of Budget and Finance submitted comments.
Your Committee has amended this bill by changing the effective date to July 1, 2010, to encourage further discussion.
As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 459, S.D. 2, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 459, S.D. 2, H.D. 1, and be placed on the calendar for Third Reading.
Respectfully submitted on behalf of the members of the Committee on Finance,
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____________________________ DWIGHT TAKAMINE, Chair |
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