STAND. COM. REP. NO.  594-08

Honolulu, Hawaii

                , 2008

RE:   H.B. No. 2271

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2008

State of Hawaii

Sir:

     Your Committee on Health, to which was referred H.B. No. 2271 entitled:

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST CASTLE MEDICAL CENTER AND ITS AFFILIATES,"

begs leave to report as follows:

     The purpose of this bill is to assist Castle Medical Center, and one or more of its nonprofit affiliates, to finance and refinance equipment purchases and for the construction and improvement of health care facilities by authorizing the issuance of special purpose revenue bonds.

     The Healthcare Association of Hawaii, Castle Medical Center and its governing board, and a concerned individual supported this bill.  The Department of Budget and Finance submitted comments.

     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. 2271 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,

____________________________

JOSHUA B. GREEN, M.D., Chair