STAND. COM. REP. NO. 1565

Honolulu, Hawaii

RE:    H.B. No. 211

       H.D. 1

       S.D. 1

Honorable Colleen Hanabusa

President of the Senate

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

Madam:

     Your Committee on Ways and Means, to which was referred H.B. No. 211, H.D. 1, 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 measure is to extend the lapse date of the Department of Budget and Finance's authority to issue special purpose revenue bonds to assist the Queen's Health Systems in Act 176, Session Laws of Hawaii, 2003, from June 30, 2008, to June 30, 2013. 

     The Healthcare Association of Hawaii and the Queen's Medical Center submitted comments in support of this bill. 

     Your Committee has amended this bill by changing the effective date of this measure to June 29, 2008, to avoid the lapsing of the authorization to issue special purpose revenue bonds.

     As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 211, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 211, H.D. 1, S.D. 1.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

____________________________

ROSALYN H. BAKER, Chair