STAND. COM. REP. NO.  1132

Honolulu, Hawaii

                , 2007

RE:   H.B. No. 1377

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 1377 entitled:

"A BILL FOR AN ACT MAKING AN EMERGENCY APPROPRIATION TO THE HAWAII HEALTH SYSTEMS CORPORATION,"

begs leave to report as follows:

     The purpose of this bill is to enable the Hawaii Health Systems Corporation (HHSC) to meet its increased operational cost requirements by increasing the expenditure ceiling of the Health Systems Special Fund by $41,000,000 for fiscal year 2006-2007.

     Pursuant to the requirements set forth in Article VII, Section 9, of the Hawaii State Constitution, the Governor, in her Governor's Message No. 238 to the Legislature, requested immediate consideration and passage of this bill by the Legislature citing an existing critical funding shortage.

     HHSC testified in support of this bill.

     Your Committee heard concerns over the current level of the accounts receivables for HHSC and its nexus to the emergency appropriation request.

     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 H.B. No. 1377 and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

MARCUS R. OSHIRO, Chair