STAND. COM. REP. NO.  595-10

Honolulu, Hawaii

                , 2010

RE:   H.B. No. 2094

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fifth State Legislature

Regular Session of 2010

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 2094 entitled:

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST HAWAII PACIFIC HEALTH,"

begs leave to report as follows:

     The purpose of this bill is to authorize the issuance of special purpose revenue bonds in a total amount not to exceed $75,000,000, to assist Hawaii Pacific Health (HPH), its not-for profit affiliates, or both, with financing, refinancing, or reimbursing costs related to the acquisition or construction of health care facilities.

     HPH, the Healthcare Association of Hawaii, and the Queen's Health Systems supported this bill.

     As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2094 and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Finance,

____________________________

MARCUS R. OSHIRO, Chair