STAND. COM. REP. NO. 511-12
Honolulu, Hawaii
, 2012
RE: H.B. No. 2345
H.D. 1
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-Sixth State Legislature
Regular Session of 2012
State of Hawaii
Sir:
Your Committee on Health, to which was referred H.B. No. 2345 entitled:
"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST ST. FRANCIS HEALTHCARE SYSTEM OF HAWAII,"
begs leave to report as follows:
Your Committee has amended this bill by:
(1) Deleting the provision allowing the special purpose revenue bonds to be used for refinancing debt related to financing the construction, improvement, and equipment of St. Francis Healthcare System of Hawaii healthcare facilities;
(2) Making technical amendments relating to the financial structure of the bonds;
(3) Changing the effective date to July 1, 2050, to facilitate continued discussion; and
(4) Making technical, nonsubstantive amendments for clarity, consistency, and style.
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. 2345, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2345, H.D. 1, and be referred to the Committee on Finance.
Respectfully submitted on behalf of the members of the Committee on Health,
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____________________________ RYAN I. YAMANE, Chair |
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