1-1 By: Armbrister S.B. No. 1014
1-2 (In the Senate - Filed March 12, 1993; March 15, 1993, read
1-3 first time and referred to Committee on Finance; April 22, 1993,
1-4 reported adversely, with favorable Committee Substitute by the
1-5 following vote: Yeas 13, Nays 0; April 22, 1993, sent to printer.)
1-6 COMMITTEE VOTE
1-7 Yea Nay PNV Absent
1-8 Montford x
1-9 Turner x
1-10 Armbrister x
1-11 Barrientos x
1-12 Bivins x
1-13 Ellis x
1-14 Haley x
1-15 Moncrief x
1-16 Parker x
1-17 Ratliff x
1-18 Sims x
1-19 Truan x
1-20 Zaffirini x
1-21 COMMITTEE SUBSTITUTE FOR S.B. No. 1014 By: Armbrister
1-22 A BILL TO BE ENTITLED
1-23 AN ACT
1-24 relating to financing alternatives for the conversion of
1-25 government-owned vehicles to alternative fuels and the use of
1-26 alternative fuels by those vehicles; granting the authority to
1-27 issue bonds.
1-28 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-29 SECTION 1. The Texas Public Finance Authority Act (Article
1-30 601d, Vernon's Texas Civil Statutes) is amended by adding Section
1-31 9C to read as follows:
1-32 Sec. 9C. ISSUANCE OF OBLIGATIONS FOR ALTERNATIVE
1-33 FUELS. (a) The authority may issue and sell up to $50 million in
1-34 obligations for the financing of alternative fuel projects. The
1-35 authority may, if it determines that the project is financially
1-36 viable and that sufficient revenue is or will be available, issue
1-37 and sell obligations for the financing of:
1-38 (1) the conversion of state agency vehicles and other
1-39 sources of substantial energy output to alternative fuels under
1-40 Section 3.29, State Purchasing and General Services Act (Article
1-41 601b, Vernon's Texas Civil Statutes), and its subsequent
1-42 amendments;
1-43 (2) the construction, acquisition, or maintenance by
1-44 the General Services Commission of fueling stations supplying
1-45 alternative fuels or equipment enhancing the use of engine-driven
1-46 technology to support state agency vehicles and other energy
1-47 applications that use alternative fuels;
1-48 (3) the conversion of school district motor vehicles
1-49 and other sources of substantial energy output to alternative fuels
1-50 under Section 21.174, Education Code, and its subsequent
1-51 amendments;
1-52 (4) the construction, acquisition, and maintenance by
1-53 a school district of fueling stations supplying alternative fuels
1-54 or equipment enhancing the use of engine-driven technology to
1-55 support school district motor vehicles and other energy
1-56 applications that use alternative fuels;
1-57 (5) the conversion of local mass transit authority and
1-58 department motor vehicles and other sources of substantial energy
1-59 output to alternative fuels under Section 14, Chapter 141, Acts of
1-60 the 63rd Legislature, Regular Session, 1973 (Article 1118x,
1-61 Vernon's Texas Civil Statutes); Section 20, Chapter 683, Acts of
1-62 the 66th Legislature, 1979 (Article 1118y, Vernon's Texas Civil
1-63 Statutes); and Section 6, Article 1118z, Revised Statutes, and
1-64 their subsequent amendments;
1-65 (6) the construction, acquisition, or maintenance of
1-66 fueling stations supplying alternative fuels or equipment enhancing
1-67 the use of engine-driven technology by a local mass transit
1-68 authority or department to support transit authority or department
2-1 vehicles and other energy applications that use alternative fuels;
2-2 and
2-3 (7) joint ventures between the state or a political
2-4 subdivision that is required under law to use alternative fuels in
2-5 its vehicles and other energy applications and the private sector
2-6 to convert vehicles and other sources of substantial energy output
2-7 to alternative fuels, to develop fueling stations and resources for
2-8 the supply of alternative fuels and engine-driven applications, to
2-9 aid in the distribution of alternative fuels, and to engage in
2-10 other projects to facilitate the use of alternative fuels.
2-11 (b) The board may provide for the payment of the principal
2-12 of and interest on the bonds and obligations issued under this
2-13 section:
2-14 (1) by pledging all or a part of the revenue derived
2-15 from the sale of alternative fuels, alternative fuels equipment and
2-16 technology, or alternative fuels-powered vehicles by the state;
2-17 (2) by contractually agreeing with a political
2-18 subdivision or a private entity to pledge sufficient revenue from
2-19 the sale of alternative fuels, alternative fuels equipment and
2-20 technology, or alternative fuels-powered vehicles by the political
2-21 subdivision or private entity to insure that the bonds or
2-22 obligations are paid;
2-23 (3) by pledging appropriated general revenues of the
2-24 state or other appropriated funds or deposits in the state
2-25 treasury; or
2-26 (4) from any other source of funds lawfully available
2-27 to the board.
2-28 (c) Before bonds or other obligations are issued under
2-29 Subsection (a) of this section, the board shall certify that the
2-30 proposed project will increase energy and cost savings to the state
2-31 or political subdivision submitting such application. If the board
2-32 cannot make this certification for a proposed project, bonds and
2-33 other obligations may not be issued for that project under
2-34 Subsection (a) of this section.
2-35 (d) The costs associated with administration of the
2-36 alternative fuels finance program shall be considered a part of
2-37 project costs and shall be funded with bond proceeds.
2-38 SECTION 2. The importance of this legislation and the
2-39 crowded condition of the calendars in both houses create an
2-40 emergency and an imperative public necessity that the
2-41 constitutional rule requiring bills to be read on three several
2-42 days in each house be suspended, and this rule is hereby suspended,
2-43 and that this Act take effect and be in force from and after its
2-44 passage, and it is so enacted.
2-45 * * * * *
2-46 Austin,
2-47 Texas
2-48 April 22, 1993
2-49 Hon. Bob Bullock
2-50 President of the Senate
2-51 Sir:
2-52 We, your Committee on Finance to which was referred S.B. No. 1014,
2-53 have had the same under consideration, and I am instructed to
2-54 report it back to the Senate with the recommendation that it do not
2-55 pass, but that the Committee Substitute adopted in lieu thereof do
2-56 pass and be printed.
2-57 Montford,
2-58 Chairman
2-59 * * * * *
2-60 WITNESSES
2-61 FOR AGAINST ON
2-62 ___________________________________________________________________
2-63 Name: Mike Wiley x
2-64 Representing: South Un Econofuel & Nat Gas
2-65 City: Austin
2-66 -------------------------------------------------------------------
2-67 Name: Eddie Imken x
2-68 Representing: So. Union Econofuel
2-69 City: Austin
2-70 -------------------------------------------------------------------
3-1 Name: Anne Schwartz x
3-2 Representing: Tx Public Finance Authority
3-3 City: Austin
3-4 -------------------------------------------------------------------
3-5 Name: Patsy Henry x
3-6 Representing: LBB
3-7 City: Austin
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