STAND. COM. REP. NO. 275

                                 Honolulu, Hawaii
                                                   , 1999

                                 RE: H.B. No. 970
                                     




Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twentieth State Legislature
Regular Session of 1999
State of Hawaii

Sir:

     Your Committee on Health, to which was referred H.B. No. 970
entitled: 

     "A BILL FOR AN ACT AUTHORIZING THE ISSUANCE OF SPECIAL
     PURPOSE REVENUE BONDS FOR NOT-FOR-PROFIT CORPORATIONS THAT
     PROVIDE HEALTH CARE FACILITIES,"

begs leave to report as follows:

     The purpose of this measure is to authorize the issuance of
special purpose revenue bonds to assist Pacific Cardiac
Institute, Inc., a not-for-profit Hawaii corporation, or a Hawaii
nonprofit affiliate of same. 

     The Central Oahu Physician Hospital Organization, the
Wahiawa General Hospital, the Wahiawa Hospital Association, and
various private physicians testified in strong support of the
measure.  A substantial community petition was also submitted in
support of the bill.

     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.
970 and recommends that it pass Second Reading and be referred to
the Committee on Finance.


 
 
 
 
 
 
                                 STAND. COM. REP. NO. 275
                                 Page 2

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



                                   ______________________________
                                   ALEXANDER C. SANTIAGO, Chair