STAND. COM. REP. 1071

Honolulu, Hawaii

, 2003

RE: S.B. No. 325

 

 

 

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 S.B. No. 325 entitled:

"A BILL FOR AN ACT RELATING TO SPECIAL PURPOSE REVENUE BONDS,"

begs leave to report as follows:

The purpose of this bill is to authorize the issuance of up to $200,000,000 in special purpose revenue bonds (SPRBs) to upgrade, renovate, and expand the health care facilities of The Queen's Health Systems.

The Queen's Health Systems, Healthcare Association of Hawaii, Hawaii Building and Construction Trades Council, and Laborers' International Union of North America Local 368 AFL-CIO submitted testimony in support of this bill.

Your Committee finds that the issuance of SPRBs under this bill will allow for the construction of new facilities and the upgrade, expansion, and renovation of existing health care facilities under The Queen's Health System.

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 S.B. No. 325 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