STAND. COM. REP. NO. 674

Honolulu, Hawaii

RE:    S.B. No. 1210

       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 S.B. No. 1210 entitled:

"A BILL FOR AN ACT RELATING TO HEALTH CARE FACILITIES,"

begs leave to report as follows:

     The purpose of this measure is to benefit Hawaii's ever-growing senior population by helping to increase the number of continuing care senior retirement housing projects in the State.

     Specifically, this measure increases the amount of special purpose revenue bonds authorized for issuance for the Honolulu Neighborhood Housing Services, Inc., from $80,000,000, originally authorized in 1999, to $160,000,000, and to extend the lapsing date for the issuance of the bonds to June 30, 2011.

     Your Committee received comments in support of this measure from GMR LLC.

     Your Committee has made technical nonsubstantive amendments for purposes of clarity and to conform to drafting conventions.

     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 S.B. No. 1210, as amended herein, and recommends that it pass Third Reading in the form attached hereto as S.B. No. 1210, S.D. 1.

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

____________________________

ROSALYN H. BAKER, Chair