STAND. COM. REP. NO. 651
Honolulu, Hawaii
, 2007
RE: H.B. No. 211
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Fourth State Legislature
Regular Session of 2007
State of Hawaii
Sir:
Your Committee on Health, to which was referred H.B. No. 211 entitled:
"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST NOT-FOR-PROFIT CORPORATIONS THAT PROVIDE HEALTH CARE FACILITIES TO THE GENERAL PUBLIC,"
begs leave to report as follows:
The purpose of this bill is to enable the construction and equipping of healthcare facilities by extending from 2008 to 2012 the Director of Finance's authority to issue Special Purpose Revenue bonds to assist The Queen's Health Systems.
The Queen's Medical Center and the Healthcare Association of Hawaii submitted testimony in support of this bill.
Your Committee finds that currently, the Director of Finance's authority to issue Special Purpose Revenue bonds to assist The Queen's Health Systems will lapse on June 30, 2008. The funds provided through the bonds enable The Queen's Health Systems to make necessary equipment upgrades, to build new facilities, and to purchase new medical technology, which, in turn, benefits the community at large. The Queen's Medical Center has been providing quality health care to the people of Hawaii since 1859.
Your Committee finds that extending the authorization for the issuance of the bonds for four additional years will enable The Queen's Health Systems to further invest in its infrastructure and equipment to meet the health needs of all Hawaii residents.
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 H.B. No. 211 and recommends that it pass Second Reading and be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Health,
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____________________________ JOSHUA B. GREEN, M.D., Chair |
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