STAND. COM. REP. 2734

Honolulu, Hawaii

, 2004

RE: S.B. No. 3135

S.D. 1

 

 

Honorable Robert Bunda

President of the Senate

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Ways and Means, to which was referred S.B. No. 3135, S.D. 1, entitled:

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS TO ASSIST ST. FRANCIS HEALTHCARE SYSTEM OF HAWAII AND ITS AFFILIATES,"

begs leave to report as follows:

The purpose of this measure is to authorize the issuance of special purpose revenue bonds to assist St. Francis Healthcare System of Hawaii.

This measure authorizes the issuance of special purpose revenue bonds in a total amount of not more than $85,000,000 for the purpose of assisting St. Francis Healthcare System of Hawaii, a Hawaii nonprofit corporation, and one or more of its nonprofit affiliates, to finance the construction, improvement, and purchase of equipment for its various health care facilities in the State.

As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 3135, S.D. 1, and recommends that it pass Third Reading.

Respectfully submitted on behalf of the members of the Committee on Ways and Means,

____________________________

BRIAN T. TANIGUCHI, Chair