STAND. COM. REP. NO.  721

 

Honolulu, Hawaii

                , 2007

 

RE:   H.B. No. 1764

 

 

 

 

Honorable Calvin K.Y. Say

Speaker, House of Representatives

Twenty-Fourth State Legislature

Regular Session of 2007

State of Hawaii

 

Sir:

 

     Your Committee on Health, to which was referred H.B. No. 1764 entitled:

 

"A BILL FOR AN ACT RELATING TO THE ISSUANCE OF REVENUE BONDS TO ASSIST HAWAII HEALTH SYSTEMS CORPORATION OR ANY OF ITS REGIONAL SUBSIDIARY CORPORATIONS,"

 

begs leave to report as follows:

 

     The purpose of this measure is to authorize the Department of Budget and Finance to issue special purpose revenue bonds to assist the Hawaii Health Systems Corporation or any of its regional subsidiary corporations.

 

     Specifically, proceeds from the issuance of the bonds will assist the corporation or its subsidiaries in financing the construction, improvement, and equipment of the corporation's or its subsidiary's healthcare facilities, including the construction of a new heart, brain, and spine center on Maui.

 

     Your Committee received testimony in support of the measure from the Hawaii Health Systems Corporation and the Maui Memorial Medical Center.  Testimony offering comments on the measure was received from the Department of Budget and Finance.

 

     Your Committee finds that the expansion of cardiology and neurology services at Maui Memorial Medical Center will have a tremendous positive impact on the health and wellness of all residents of Maui and the State.  Your Committee further finds that this measure comprises initiatives that are supportive of the corporation's goals and objectives.

 

     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. 1764 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,

 

 

 

 

____________________________

JOSHUA B. GREEN, M.D., Chair