STAND. COM. REP. NO.2006
RE: S.B. No. 2052
Honorable Robert Bunda
President of the Senate
Twenty-First State Legislature
Regular Session of 2002
State of Hawaii
Your Committee on Health and Human Services, to which was referred S.B. No. 2052 entitled:
"A BILL FOR AN ACT RELATING TO SPECIAL PURPOSE REVENUE BONDS,"
begs leave to report as follows:
The purpose of this measure is to authorize special purpose revenue bonds to finance health care facilities for Hawaii Pacific Health.
Your Committee received testimony in support of the measure from Hawaii Pacific Health.
Your Committee finds that Hawaii Pacific Health is a new health system formed by the recent merger of Kapiolani Hospitals, Straub Hospital and Clinic, and Wilcox Hospital. As a result of the merger, Hawaii Pacific Health is now the largest healthcare delivery system in the State, consisting of four hospitals, twenty-three clinics, and thirty outreach programs. This measure will enable Hawaii Pacific Health to secure much-needed capital at a low, tax-exempt cost to pay for renovation of aging facilities and acquisition of new equipment and technology in order to continue providing the high quality of healthcare our communities expect and deserve.
As affirmed by the record of votes of the members of your Committee on Health and Human Services that is attached to this report, your Committee is in accord with the intent and purpose of S.B. No. 2052 and recommends that it pass Second Reading and be referred to the Committee on Ways and Means.
Respectfully submitted on behalf of the members of the Committee on Health and Human Services,
DAVID MATSUURA, Chair