REPORT TITLE:
Health Systems Corporation


DESCRIPTION:
Authorizes Hawaii Health Systems Corporation to issue revenue
bonds.  (SD1)

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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THE SENATE                              S.B. NO.           S.D. 1
TWENTIETH LEGISLATURE, 1999                                
STATE OF HAWAII                                            
                                                             
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                   A  BILL  FOR  AN  ACT

RELATING TO THE HAWAII HEALTH SYSTEMS CORPORATION.



BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 1      SECTION 1.  The Hawaii health systems corporation, with the
 
 2 approval of the governor, is authorized to issue revenue bonds in
 
 3 the sum of $30,000,000, or so much thereof as may be necessary,
 
 4 and the same sum, or so much thereof as may be necessary, is
 
 5 appropriated for fiscal year 1999-2000, for the following
 
 6 projects:
 
 7      1.   Hilo Medical Center
 
 8           Plans, design, construction, equipment,
 
 9           and furnishings relating to facilities for
 
10           Hilo Medical Center.                        $25,000,000
 
11      2.   Kona Community Hospital
 
12           Plans, design, construction and
 
13           furnishings relating to facilities for Kona
 
14           Community Hospital.                         $ 5,000,000
 
15      SECTION 2.  The revenue bonds authorized in this Act shall
 
16 be issued pursuant to part III of chapter 39, Hawaii Revised
 
17 Statutes, and chapter 323F, Hawaii Revised Statutes.
 
18      SECTION 3.  The appropriations made for the capital
 
19 improvement projects authorized in this Act shall not lapse at
 

 
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                                     S.B. NO.           S.D. 1
                                                        
                                                        

 
 1 the end of fiscal year 1999-2000 for which the appropriations are
 
 2 made; provided that all appropriations made to be expended in
 
 3 fiscal year 1999-2000 which are unencumbered as of June 30, 2001,
 
 4 shall lapse as of that date.
 
 5      SECTION 4.  The sum appropriated shall be expended by the
 
 6 Hawaii health systems corporation for the purposes of this Act.
 
 7      SECTION 5.  This Act shall take effect on July 1, 1999.