Bill > SB1127

This bill authorizes the Hawaii Department of Budget and Finance to issue up to $80 million in special purpose revenue bonds (SPRBs) to assist West Hawaii Community Health Center, Inc. (doing business as Hawaii Island Community Health Center) in funding several healthcare facility projects on the island of Hawaii. The specific projects include constructing a 45,000 square foot medical campus in Kailua-Kona, renovating a 10,000 square foot facility in downtown Hilo to serve women's and pediatric health, building a new 10,000 square foot primary healthcare facility in Pahoa, renovating a 3,600 square foot building in Na'alehu to house healthcare workers, and supporting other related expansion projects. These bonds are designed to help a non-profit healthcare organization improve and expand its medical facilities, with the legislature declaring that such assistance serves the public interest and promotes public health and welfare. The authorization to issue these bonds will expire on June 30, 2030, and the bill will take effect on July 1, 2025. The bonds can be issued in one or more series and can be refunded subsequent to the initial issuance, in compliance with federal tax law regarding bond interest taxation.

Health and Social Services

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=1127&year=2026