By Holzheauser                                       H.C.R. No. 145
                              HOUSE CONCURRENT RESOLUTION
    1-1        WHEREAS, under Article III, Section 52-a, Texas Constitution,
    1-2  the legislature may create programs and make loans to provide for
    1-3  development and diversification of the economy of the state and the
    1-4  development or expansion of transportation and commerce in the
    1-5  state; and
    1-6        WHEREAS, Chapter 603, Acts of the 73rd Legislature, Regular
    1-7  Session, 1993, created a revenue bond program, the purpose of which
    1-8  is to provide loans to state agencies and local governments to
    1-9  finance alternative fuels infrastructure projects that will
   1-10  increase energy or cost savings for entities involved in
   1-11  transportation and commerce; and
   1-12        WHEREAS, Chapter 603, Acts of the 73rd Legislature, Regular
   1-13  Session, 1993, authorizes the Alternative Fuels Council to certify
   1-14  whether proposed projects will increase energy or cost savings; and
   1-15        WHEREAS, Chapter 603, Acts of the 73rd Legislature, Regular
   1-16  Session, 1993, authorizes the Texas Public Finance Authority to
   1-17  make loans for alternative fuels projects it determines are
   1-18  financially viable; and
   1-19        WHEREAS, there is a request for confirmation of legislative
   1-20  intent regarding the revenue bond program authorized by Chapter
   1-21  603, Acts of the 73rd Legislature, Regular Session, 1993; now,
   1-22  therefore, be it
   1-23        RESOLVED, that the 74th Legislature of the State of Texas
    2-1  affirms its intent that the purpose of Chapter 603, Acts of the
    2-2  73rd Legislature, Regular Session, 1993, is to establish a program
    2-3  whereby loans are made to state agencies, local governments
    2-4  including school districts, mass transit authorities,
    2-5  municipalities, counties, or special districts, and joint ventures
    2-6  between the private sector and a state agency or local government
    2-7  to finance alternative fuel projects through the purchase by the
    2-8  state of obligations issued by those local governments or by the
    2-9  pledge of state agency appropriations; and, be it further
   2-10        RESOLVED, that the 74th Legislature of the State of Texas
   2-11  affirms its intent that the legislature may, but is not obligated
   2-12  to, appropriate funds to make payments on behalf of local
   2-13  governments for loans authorized by Chapter 603, Acts of the 73rd
   2-14  Legislature, Regular Session, 1993; and, be it further
   2-15        RESOLVED, that the 74th Legislature of the State of Texas
   2-16  affirms its intent that the loans authorized by Chapter 603, Acts
   2-17  of the 73rd Legislature, Regular Session, 1993, be made to
   2-18  facilitate alternative fuels projects for conversion of vehicles,
   2-19  development of fueling stations, and the other purposes described
   2-20  in the Act; and, be it further
   2-21        RESOLVED, that the 74th Legislature of the State of Texas
   2-22  affirms its intent that local governments are authorized to issue
   2-23  obligations as evidence of repayment of the loan made by the Texas
   2-24  Public Finance Authority Board under the program authorized by
   2-25  Chapter 603, Acts of the 73rd Legislature, Regular Session, 1993;
    3-1  and, be it further
    3-2        RESOLVED, that the 74th Legislature of the State of Texas
    3-3  affirms its intent that the revenue bond program authorized by
    3-4  Chapter 603, Acts of the 73rd Legislature, Regular Session, 1993,
    3-5  be implemented expeditiously to achieve its intended purposes.