HAR §6-4-1. Purpose

This chapter is adopted pursuant to chapter 91, HRS, and implements part II of chapter 39A, HRS, providing for the issuance of special purpose revenue bonds to assist not-for-profit corporations that provide health care facilities to the general public. The objectives of this chapter are: (1) To offset the growth of the cost of health care to the people of the State of Hawaii; (2) To assist in the development and maintenance of public health, health care, including care for the aged, hospitals, and related facilities, through the making of loans to not-for-profit corporations for the purpose of providing health care facilities, or for refinancing debt incurred to provide health care facilities; and (3) To ensure that amounts saved by the assistance result in the provision of health care to the general public at the lowest practicable cost by the not-for-profit corporations so assisted. [Eff. December 4, 1981] (Auth: HRS §26-38) (Imp: HRS Chapter 39A)