REPORT TITLE:
Ewa Villages


DESCRIPTION:
Issues special purpose revenue bonds for an intergenerational
care center at Ewa Villages. (SD1)

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                        1594
HOUSE OF REPRESENTATIVES                H.B. NO.           H.D. 1
TWENTIETH LEGISLATURE, 1999                                S.D. 1
STATE OF HAWAII                                            
                                                             
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                   A  BILL  FOR  AN  ACT

RELATING TO THE ISSUANCE OF SPECIAL PURPOSE REVENUE BONDS FOR AN
   INTERGENERATIONAL CARE CENTER AT EWA VILLAGES.



BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 1      SECTION 1.  The legislature finds that the EV Community
 
 2 Development Corporation is a private non-profit organization that
 
 3 seeks to provide a continuum of health care services to frail
 
 4 elderly, and medically fragile infants and children at Kulana
 
 5 Malama, an intergenerational care center.  The center is designed
 
 6 to:
 
 7      (1)  Integrate an intergenerational concept of services,
 
 8           both residential and day care, within a seven-and-a-
 
 9           half acre property; and
 
10      (2)  Create a sense of belonging, warmth, and security in a
 
11           nurturing environment.
 
12      Kulana Malama intends to provide the following:
 
13      (1)  Pediatric skilled nursing care;
 
14      (2)  Dementia/alzheimer unit, including day care for
 
15           demented clients, with both indoor and outdoor
 
16           wandering areas;
 
17      (3)  Intergenerational day care for infants, toddlers,
 
18           preschool, and frail elderly, with extended hours for
 
19           working caregivers;
 

 
Page 2                                                     1594
                                     H.B. NO.           H.D. 1
                                                        S.D. 1
                                                        

 
 1      (4)  Adult residential care/swing beds;
 
 2      (5)  Respite care for short stays;
 
 3      (6)  Caregiver training in early childhood development and
 
 4           geriatric care; and
 
 5      (7)  Varied community-based programs such as chore services,
 
 6           meal services, and case management.
 
 7      The legislature further finds and declares that the issuance
 
 8 of special purpose revenue bonds under this Act is in the public
 
 9 interest and for the public health, safety, and general welfare
 
10 of the State.
 
11      SECTION 2.  Pursuant to part II, chapter 39A, Hawaii Revised
 
12 Statutes, the department of budget and finance, with the approval
 
13 of the governor, is authorized to issue special purpose revenue
 
14 bonds in a total amount not to exceed $1 in one or more series
 
15 for the purpose of assisting the EV Community Development
 
16 Corporation in financing the development and construction of an
 
17 intergenerational care center at Kulana Malama that will provide
 
18 health care services to frail elderly, medically fragile infants,
 
19 and children.
 
20      The legislature finds and determines that the activities and
 
21 facilities of the EV Community Development Corporation at Kulana
 
22 Malama constitute projects as defined in part II, chapter 39A,
 
23 Hawaii Revised Statutes, and the financing thereof is assistance
 

 
Page 3                                                     1594
                                     H.B. NO.           H.D. 1
                                                        S.D. 1
                                                        

 
 1 to a health care facility provided to the general public by a
 
 2 nonprofit corporation.
 
 3      SECTION 3.  The special purpose revenue bonds issued under
 
 4 this Act shall be issued pursuant to part II, chapter 39A, Hawaii
 
 5 Revised Statutes, relating to the power to issue special purpose
 
 6 revenue bonds to assist nonprofit corporations that provide
 
 7 health care facilities to the general public.
 
 8      SECTION 4.  The department of budget and finance is
 
 9 authorized to issue from time to time, refunding special purpose
 
10 revenue bonds in such principal amounts as the department shall
 
11 determine to be necessary to refund the special purpose revenue
 
12 bonds authorized in section 2.  In making this determination, the
 
13 department shall comply with federal law relating to the
 
14 exemption from federal income taxation of the interest on bonds
 
15 of the nature authorized under this section.
 
16      SECTION 5.  The authorization to issue special purpose
 
17 revenue bonds under this Act shall lapse on June 30, 2003.
 
18      SECTION 6.  This Act shall take effect upon its approval.