STAND. COM. REP. 513

Honolulu, Hawaii

, 2003

RE: H.B. No. 381

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2003

State of Hawaii

Sir:

Your Committee on Health, to which was referred H.B. No. 381 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 bill is to extend the date, from June 30, 2003, to June 30, 2008, on which the authorization to issue special purpose revenue bonds for the benefit of Pacific Wellness Center, Inc., shall lapse.

Several individuals submitted testimony in support of this bill. The Department of Budget and Finance submitted comments on this bill.

Your Committee recognizes that Pacific Wellness Center, Inc., is a not-for-profit corporation that serves the public through the development of a health care facility in the Koa Ridge area of Central Oahu.

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

 

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

 

____________________________

DENNIS A. ARAKAKI, Chair