STAND. COM. REP. NO. 1286
Honolulu, Hawaii
, 2007
RE: S.B. No. 971
S.D. 1
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 S.B. No. 971, S.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO SPECIAL PURPOSE REVENUE BONDS FOR NOT-FOR-PROFIT CORPORATIONS THAT PROVIDE HEALTH CARE FACILITIES TO THE GENERAL PUBLIC,"
begs leave to report as follows:
The purpose of the bill is to ensure the existence of well-equipped healthcare facilities for Hawaii's residents.
The bill accomplishes this objective by extending the Department of Budget and Finances' authority to issue special purpose revenue bonds to assist The Queen's Health Systems in financing the construction, improvements, and equipment of healthcare facilities.
The Queen's Health Systems and the Health Association of Hawaii submitted comments in support of the bill.
Your Committee finds that currently the authority to issue special purpose revenue bonds to assist The Queen's Health Systems to finance the costs of construction, improvements, and equipment of health care facilities and enhance patient care by providing high quality health care services to the people of Hawaii will lapse on June 30, 2008.
Your Committee finds that extending the authority of the Department of Budget and Finance to issue special purpose revenue bonds to assist The Queen's Health Systems from June 30, 2008, until June 30, 2013, will enable The Queen's Health Systems to continue offering high quality healthcare.
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. 971, S.D. 1, 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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