STAND. COM. REP. NO.  674

Honolulu, Hawaii

                , 2013

RE:   H.B. No. 653

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2013

State of Hawaii

Sir:

     Your Committee on Finance, to which was referred H.B. No. 653 entitled:

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS FOR HAWAI‘I PACIFIC HEALTH,"

begs leave to report as follows:

The purpose of this measure is to support the construction and renovation of health care facilities by authorizing the Department of Budget and Finance to issue special purpose revenue bonds to assist Hawaii Pacific Health.

Hawaii Pacific Health and the Healthcare Association of Hawaii submitted testimony in support of this measure.  The Department of Budget and Finance provided comments on the measure.

     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. 653 and recommends that it pass Third Reading.

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

____________________________

SYLVIA LUKE, Chair