Enrolled Bill Summary

Senate Bill 1815 provides for a revolving loan program, administered by the Office of Defense Affairs of the Texas Department of Economic Development, to assist local government entities to minimize the possibility or negative effects of defense base reductions. Eligible entities include a municipality, county, regional planning commission, public junior college district, or campus or extension center of the Texas State Technical College system located within 25 miles of a defense base that has been publicly proposed for closure and realignment, where the entity is or contains an adversely affected defense-dependent community. Loans are from a community infrastructure development revolving loan account established within the general revenue fund.