1-1  By:  Holzheauser (Senate Sponsor - Bivins)           H.C.R. No. 145
    1-2        (In the Senate - Received from the House May 3, 1995;
    1-3  May 4, 1995, read first time and referred to Committee on Natural
    1-4  Resources; May 12, 1995, reported favorably by the following vote:
    1-5  Yeas 9, Nays 0; May 12, 1995, sent to printer.)
    1-6                      HOUSE CONCURRENT RESOLUTION
    1-7        WHEREAS, under Article III, Section 52-a, Texas Constitution,
    1-8  the legislature may create programs and make loans to provide for
    1-9  development and diversification of the economy of the state and the
   1-10  development or expansion of transportation and commerce in the
   1-11  state; and
   1-12        WHEREAS, Chapter 603, Acts of the 73rd Legislature, Regular
   1-13  Session, 1993, created a revenue bond program, the purpose of which
   1-14  is to provide loans to state agencies and local governments to
   1-15  finance alternative fuels infrastructure projects that will
   1-16  increase energy or cost savings for entities involved in
   1-17  transportation and commerce; and
   1-18        WHEREAS, Chapter 603, Acts of the 73rd Legislature, Regular
   1-19  Session, 1993, authorizes the Alternative Fuels Council to certify
   1-20  whether proposed projects will increase energy or cost savings; and
   1-21        WHEREAS, Chapter 603, Acts of the 73rd Legislature, Regular
   1-22  Session, 1993, authorizes the Texas Public Finance Authority to
   1-23  make loans for alternative fuels projects it determines are
   1-24  financially viable; and
   1-25        WHEREAS, there is a request for confirmation of legislative
   1-26  intent regarding the revenue bond program authorized by Chapter
   1-27  603, Acts of the 73rd Legislature, Regular Session, 1993; now,
   1-28  therefore, be it
   1-29        RESOLVED, that the 74th Legislature of the State of Texas
   1-30  affirms its intent that the purpose of Chapter 603, Acts of the
   1-31  73rd Legislature, Regular Session, 1993, is to establish a program
   1-32  whereby loans are made to state agencies, local governments
   1-33  including school districts, mass transit authorities,
   1-34  municipalities, counties, or special districts, and joint ventures
   1-35  between the private sector and a state agency or local government
   1-36  to finance alternative fuel projects through the purchase by the
   1-37  state of obligations issued by those local governments or by the
   1-38  pledge of state agency appropriations; and, be it further
   1-39        RESOLVED, that the 74th Legislature of the State of Texas
   1-40  affirms its intent that the legislature may, but is not obligated
   1-41  to, appropriate funds to make payments on behalf of local
   1-42  governments for loans authorized by Chapter 603, Acts of the 73rd
   1-43  Legislature, Regular Session, 1993; and, be it further
   1-44        RESOLVED, that the 74th Legislature of the State of Texas
   1-45  affirms its intent that the loans authorized by Chapter 603, Acts
   1-46  of the 73rd Legislature, Regular Session, 1993, be made to
   1-47  facilitate alternative fuels projects for conversion of vehicles,
   1-48  development of fueling stations, and the other purposes described
   1-49  in the Act; and, be it further
   1-50        RESOLVED, that the 74th Legislature of the State of Texas
   1-51  affirms its intent that local governments are authorized to issue
   1-52  obligations as evidence of repayment of the loan made by the Texas
   1-53  Public Finance Authority Board under the program authorized by
   1-54  Chapter 603, Acts of the 73rd Legislature, Regular Session, 1993;
   1-55  and, be it further
   1-56        RESOLVED, that the 74th Legislature of the State of Texas
   1-57  affirms its intent that the revenue bond program authorized by
   1-58  Chapter 603, Acts of the 73rd Legislature, Regular Session, 1993,
   1-59  be implemented expeditiously to achieve its intended purposes.
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