STAND. COM. REP. NO. 461
Honolulu, Hawaii
, 2005
RE: S.B. No. 1704
S.D. 1
Honorable Robert Bunda
President of the Senate
Twenty-Third State Legislature
Regular Session of 2005
State of Hawaii
Sir:
Your Committee on Health, to which was referred S.B. No. 1704 entitled:
"A BILL FOR AN ACT RELATING TO REVENUE BONDS FOR MAUI MEMORIAL MEDICAL CENTER,"
begs leave to report as follows:
The purpose of this measure is to authorize the issuance of revenue bonds in a principal amount not to exceed $22,000,000 to finance the design and construction of a nine hundred car parking facility at the Maui Memorial Medical Center.
Your Committee received testimony from two members of the Maui County Council, Healthcare Association of Hawaii, Maui Memorial Medical Center, and Hawaii Government Employees' Association in support of this measure. The Departments of Budget and Finance and Accounting and General Services both submitted testimony recommending that the measure be amended to authorize the Hawaii Healthcare Systems Corporation to be the issuer of the bonds.
Your Committee has amended this measure:
(1) To provide that the bonds authorized to be issued in the amount of $22,000,000 shall be reimbursable general obligation bonds and not revenue bonds;
(2) To make an appropriation of $22,000,000, or so much thereof as may be necessary, for fiscal years 2005-2006 and 2006-2007 to be expended by the Hawaii Healthcare Systems Corporation for the purpose of this measure; and
(3) By making technical nonsubstantive changes for clarity and consistency.
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. 1704, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 1704, S.D. 1, and be referred to the Committee on Ways and Means.
Respectfully submitted on behalf of the members of the Committee on Health,
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____________________________ ROSALYN H. BAKER, Chair |
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