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. 1-60 * * * * *