STAND. COM. REP. NO. 592-04

Honolulu, Hawaii

, 2004

RE: H.B. No. 2170

H.D. 1

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Second State Legislature

Regular Session of 2004

State of Hawaii

Sir:

Your Committee on Finance, to which was referred H.B. No. 2170 entitled:

"A BILL FOR AN ACT RELATING TO SPECIAL PURPOSE REVENUE BONDS FOR REHABILITATION HOSPITAL OF THE PACIFIC,"

begs leave to report as follows:

The purpose of this bill is to authorize the issuance of special purpose revenue bonds to assist the Rehabilitation Hospital of the Pacific in financing construction improvements and expanding in-patient and out-patient service capabilities to be able to accommodate new kinds of caseloads in response to changes in Medicare policy.

The Rehabilitation Hospital of the Pacific testified in support of this bill.

Your Committee has amended this bill by changing the effective date to July 1, 2010, to facilitate further discussion.

As affirmed by the record of votes of the members of your Committee on Finance that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 2170, as amended herein, and recommends that it pass Second Reading in the form attached hereto as H.B. No. 2170, H.D. 1, and be placed on the calendar for Third Reading.

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

 

____________________________

DWIGHT Y. TAKAMINE, Chair