STAND. COM. REP. NO.181-02
RE: H.B. No. 1766
Honorable Calvin K.Y. Say
Speaker, House of Representatives
Twenty-First State Legislature
Regular Session of 2002
State of Hawaii
Your Committee on Health, to which was referred H.B. No. 1766 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 special purpose revenue bonds to assist Hawaii Pacific Health (HPH) and its not-for-profit affiliates with financing, refinancing, and reimbursing costs related to the acquisition or construction of health care facilities.
HPH and Healthcare Association of Hawaii submitted testimony in support of this measure.
HPH is a new health system formed by the recent merger of Kapiolani Hospitals, Straub Hospital and Clinic, and Wilcox Hopital. As a result of the merger, HPH is now the largest healthcare delivery system in the State. Some of HPH's major projects include providing equipment and improvements to the Heart Center at Straub, nurseries at Kapiolani Women and Children's Center, and construction of a Diagnostic Center for Wilcox Hospital on Kauai so that patients may be treated without having to travel to Honolulu.
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. 1766 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