STAND. COM. REP. NO. 273

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: H.B. No. 877
                                     




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Health, to which was referred H.B. No. 877
entitled: 

     "A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL
     PURPOSE REVENUE BONDS FOR KUAKINI MEDICAL CENTER,"

begs leave to report as follows:

     The purpose of this measure is to authorize the issuance of
special purpose revenue bonds for the purpose of assisting
Kuakini Medical Center. 

     Kuakini Health System testified in strong support of this
measure, assuring the funds would be dedicated for financing at
lower tax-exempt rates the construction of new health care
facilities, renovating existing facilities, and purchasing
equipment. 

     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.
877 and recommends that it pass Second Reading and be referred to
the Committee on Finance.


 
 
 
 
 
 
 
 
                                 STAND. COM. REP. NO. 273
                                 Page 2

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



                                   ______________________________
                                   ALEXANDER C. SANTIAGO, Chair