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HI HB2667
Bill
Status
1/24/2018
Primary Sponsor
Lei Learmont
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AI Summary
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Authorizes the Department of Budget and Finance to issue special purpose revenue bonds not to exceed $6,550,000 to assist Wahiawa General Hospital with deferred facilities and maintenance projects necessary for patient and staff health and safety.
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Bonds may be issued in one or more series and refunded multiple times, including after June 30, 2019, in compliance with federal tax-exemption requirements for bond interest.
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Authorization to issue bonds expires on June 30, 2023.
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Finds that Wahiawa General Hospital serves a critical geographic area covering nearly one-third of Oahu (from Mililani to Waialua, Haleiwa, and Sunset) and is the only emergency medical facility in the region.
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Act takes effect July 1, 2018.
Legislative Description
Relating To Special Purpose Revenue Bonds To Assist A Not-for-profit Corporation That Provides Health Care Facilities To The General Public.
Special Purpose Revenue Bonds
Last Action
Referred to HHS, FIN, referral sheet 9
1/29/2018