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HI SB3043
Bill
Status
1/23/2014
Primary Sponsor
Rosalyn Baker
Click for details
AI Summary
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Authorizes the Department of Budget and Finance to issue special purpose revenue bonds (SPRBs) not to exceed $60,000,000 to assist West Maui Hospital and Medical Center Foundation, Inc. in establishing a hospital in west Maui.
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Bonds shall be issued pursuant to Part II, Chapter 39A of Hawaii Revised Statutes, which governs SPRBs for not-for-profit corporations providing health care facilities to the general public.
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Department of Budget and Finance may issue refunding bonds after June 30, 2019, to refund the original bonds or any refunding bonds issued under this Act, provided compliance with federal tax-exemption requirements.
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Authorization to issue SPRBs under this Act expires on June 30, 2019.
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Effective date is July 1, 2014.
Legislative Description
SPRBs; West Maui Hospital and Medical Center Foundation, Inc. ($)
Last Action
The committee on HTH deferred the measure.
2/5/2014