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HI HB660
Bill
Status
6/22/2023
Primary Sponsor
Della au Belatti
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AI Summary
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Authorizes the Department of Budget and Finance to issue special purpose revenue bonds (amount not specified in bill text) for Hawai'i Pacific Health and its nonprofit affiliates to finance health care facility improvements at Straub Medical Center.
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Phase 1 projects include design and construction of a new parking facility to triple parking capacity, a conference and meeting center, an employee wellness center, solar panel installation, and equipment acquisition.
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Phase 2 involves planning and design for a new 16-story hospital tower with expanded emergency department, larger patient rooms, and a rooftop garden, plus other related projects.
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Authorization to issue refunding bonds extends beyond June 30, 2028, to refinance outstanding bonds while complying with federal tax exemption requirements.
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Bond issuance authorization lapses on June 30, 2028; Act takes effect on July 1, 2050.
Legislative Description
Relating To The Issuance Of Special Purpose Revenue Bonds For Not-for-profit Corporations That Provide Health Care Facilities To The General Public.
SPRB
Last Action
Act 105, 06/22/2023 (Gov. Msg. No. 1206).
6/22/2023