STAND. COM. REP. NO. 845

Honolulu, Hawaii

RE:    H.B. No. 404

       H.D. 1

Honorable Shan S. Tsutsui

President of the Senate

Twenty-Sixth State Legislature

Regular Session of 2011

State of Hawaii

Sir:

     Your Committee on Human Services, to which was referred H.B. No. 404, H.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST PALOLO CHINESE HOME AND ITS SUBSIDIARIES,"

begs leave to report as follows:

     The purpose and intent of this measure is to assist Palolo Chinese Home by authorizing the issuance of special purpose revenue bonds to finance the expansion, construction, and rebuilding of its health care facilities.

     Your Committee received testimony in support of this measure from Palolo Chinese Home.

     The Palolo Chinese Home is a 501(c)(3) not-for-profit organization under the Internal Revenue Code that has been providing shelter and care for more than one hundred years to Hawaii's seniors.  This bond issuance would assist the Home to finance its campus redevelopment plans to better serve the community by providing additional nursing and care home beds for seniors.

     As affirmed by the record of votes of the members of your Committee on Human Services that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 404, H.D. 1, and recommends that it pass Second Reading and be referred to the Committee on Ways and Means.

Respectfully submitted on behalf of the members of the Committee on Human Services,

____________________________

SUZANNE CHUN OAKLAND, Chair