STAND. COM. REP. NO.1046

Honolulu, Hawaii

, 2003

RE: H.B. No. 379

H.D. 1

 

 

Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Health, to which was referred H.B. No. 379, H.D. 1, entitled:

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

begs leave to report as follows:

The purpose of this measure is to extend the 1999 authorization to issue special purpose revenue bonds to assist Pacific Saging Center, Inc., a not-for-profit Hawaii corporation, in the planning, design, and construction of a health care facility in the Central Oahu development comprising the Pacific Health Center (PHC).

Testimony supporting this measure was received from Wahiawa General Hospital; Wahiawa Hospital Association; Wahiawa-Central Oahu Health Center; Pacific Sportscare; Pacific Sports Medicine & Research Center, Inc.; Meritage Healthcare Strategies, LLC; Financial Resource Group, LLC; Pyrus, Incorporated; Albert C. Kobayashi, Inc.; Miller Tokuyama Kralik & Sur, LLP; and Y. Hata & Co.

Your Committee finds that the PHC medical mall project in Central Oahu is edging closer to fruition. PHC will be comprised of several health care facilities, including the Pacific Saging Center, that will provide a wide array of specialized medical and wellness services to Hawaii residents. The Legislature recognized the need and value of the PHC project in 1999, when it authorized the issuance of special purpose revenue bonds for the various not—for-profit entities that would populate PHC. Unfortunately, procedural project development issues delayed the exercise of those bonds which are nearing expiration. Now, the PHC project is nearing the groundbreaking stage and drawing on those bonds will be necessary.

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. 379, H.D. 1, and recommends that it pass Second Reading and be referred to the Committee on Ways and Means.

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

____________________________

ROSALYN H. BAKER, Chair