STAND. COM. REP. NO.  54

 

Honolulu, Hawaii

                , 2013

 

RE:   H.B. No. 653

 

 

 

 

Honorable Joseph M. Souki

Speaker, House of Representatives

Twenty-Seventh State Legislature

Regular Session of 2013

State of Hawaii

 

Sir:

 

     Your Committee on Health, to which was referred H.B. No. 653 entitled:

 

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS FOR HAWAI‘I PACIFIC HEALTH,"

 

begs leave to report as follows:

 

     The purpose of this measure is to authorize the issuance of special purpose revenue bonds in an unspecified amount to Hawaii Pacific Health for costs relating to the construction or renovation of its health care facilities.

 

Testimony in support of this measure was submitted by Hawaii Pacific Health and Healthcare Association of Hawaii.  The Department of Budget and Finance provided written comments.

 

     Your Committee finds that Hawaii Pacific Health provides health services to Hawaii and the Pacific region through its four hospitals, forty-nine outpatient clinics, 5,400 employees, and 1,300 physicians.  The issuance of special purpose revenue bonds would allow Hawaii Pacific Health to expand is facilities, purchase additional equipment, and provide health services in a cost effective manner.  Accordingly, your Committee finds that financing, refinancing, or reimbursing costs related to the construction or renovation of the health care facilities at Hawaii Pacific Health constitutes a project as defined in part II, chapter 39A, Hawaii Revised Statutes, and that the financing thereof is assistance to a non-profit enterprise that provides health care facilities to the general public.

 

     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. 653 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,

 

 

 

 

____________________________

DELLA AU BELATTI, Chair