STAND. COM. REP. NO. 1598
RE: H.B. No. 869
Honorable Ronald D. Kouchi
President of the Senate
Thirty-First State Legislature
Regular Session of 2021
State of Hawaii
Your Committee on Ways and Means, to which was referred H.B. No. 869, H.D. 1, entitled:
"A BILL FOR AN ACT RELATING TO SPECIAL PURPOSE REVENUE BONDS TO ASSIST LUANA KAI A LIFE PLAN COMMUNITY,"
begs leave to report as follows:
The purpose and intent of this measure is to authorize the issuance of special purpose revenue bonds to assist Luana Kai A Life Plan Community, a Hawaii not-for-profit corporation, with developing and operating a continuing care retirement community.
Your Committee received written comments in support of this measure from Luana Kai A Life Plan Community and one individual.
Your Committee received written comments in opposition to this measure from one individual.
Your Committee received written comments on this measure from the Department of Budget and Finance and one individual.
Your Committee finds that the special purpose revenue bonds authorized by this measure will help Luana Kai A Life Plan Community to provide continuing care retirement housing options to more of the State's underserved seniors.
Your Committee has amended this measure by making technical nonsubstantive changes for purposes of clarity, consistency, and style.
As affirmed by the record of votes of the members of your Committee on Ways and Means that is attached to this report, your Committee is in accord with the intent and purpose of H.B. No. 869, H.D. 1, as amended herein, and recommends that it pass Third Reading in the form attached hereto as H.B. No. 869, H.D. 1, S.D. 1.
Respectfully submitted on behalf of the members of the Committee on Ways and Means,
DONOVAN M. DELA CRUZ, Chair