STAND. COM. REP. NO.  1133-12

Honolulu, Hawaii

                , 2012

RE:   S.B. No. 2383

      S.D. 1

      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 S.B. No. 2383, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST NOT-FOR-PROFIT CORPORATIONS THAT PROVIDE HEALTH CARE FACILITIES TO THE GENERAL PUBLIC,"

begs leave to report as follows:

The purpose of this measure is to support health care services by extending to June 30, 2018, the authorization to issue special purpose revenue bonds to assist The Queen's Health Systems with the renovation and expansion of its health care facilities.

The Queen's Health Systems; Healthcare Association of Hawaii; and Hawaii Government Employees Association, AFSCME Local 152, AFL-CIO testified in support of this measure.  The Department of Budget and Finance commented on this measure.

     Your Committee has amended this measure by:

(1)  Removing a provision that specified that the authorization to issue special purpose revenue bonds is not subject to the five-year bond authorization limitation of section 39A-37(a), Hawaii Revised Statutes; and

(2)  Changing its effective date to July 1, 2050, to facilitate further discussion.

     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. 2383, S.D. 1, as amended herein, and recommends that it pass Second Reading in the form attached hereto as S.B. No. 2383, S.D. 1, H.D. 1, and be referred to the Committee on Finance.

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

____________________________

RYAN I. YAMANE, Chair