1-1                                       1

 1-2                          SENATE RESOLUTION NO. 561

 1-3           WHEREAS, The Senate of the State of Texas takes pride

 1-4     in recognizing Richard Ferlauto on his recent selection for a

 1-5     position in the newly created Office of Investment of the

 1-6     AFL-CIO; and

 1-7           WHEREAS, Richard Ferlauto has worked for nearly six years

 1-8     at the Center for Alternatives in Washington, D.C., a nonprofit,

 1-9     nonpartisan agency for progressive state leaders that serves as

1-10     a central resource on a broad range of economic, social, and

1-11     environmental issues; and

1-12           WHEREAS, As the center's co-policy director, Mr. Ferlauto

1-13     has managed the organization's work in the areas of community

1-14     capital, sustainable development, and telecommunications; and

1-15           WHEREAS, A highly respected expert on the financing issues

1-16     of child-care facilities, Rich Ferlauto frequently speaks at

1-17     educational seminars and national conferences; he has served as

1-18     an advisor to the Government Accounting Office, the Department

1-19     of Housing and Urban Development, and the Department of

1-20     Labor regarding economically targeted investment issues; and

1-21           WHEREAS, Mr. Ferlauto formerly was the Special Projects

1-22     Director at the American Affordable Housing Institute at Rutgers,

1-23     the State University of New Jersey; he is the author of two books,

 2-1     A New Housing Policy for America:  Recapturing the American Dream

 2-2     and Employer-Assisted Housing:  Benefit for the 1990s; and

 2-3           WHEREAS, Mr. Ferlauto's articles have appeared in such

 2-4     national publications as The Journal of Housing and

 2-5     Christian Science Monitor; he is frequently quoted in such

 2-6     national media as the Wall Street Journal and

 2-7     The Washington Post; and

 2-8           WHEREAS, At the AFL-CIO, Mr. Ferlauto will help to guide

 2-9     an endeavor to preserve the economic rights of employees and to

2-10     create high wage jobs in low-income and moderate-income communities

2-11     through new financial initiatives; and

2-12           WHEREAS, An exemplary and distinguished gentleman,

2-13     Richard Ferlauto brings a wealth of experience and knowledge to

2-14     his position with the Office of Investment of the AFL-CIO, and

2-15     his expertise will undoubtedly prove to be a major asset to this

2-16     new department; now, therefore, be it

2-17           RESOLVED, That the Senate of the State of Texas,

2-18     75th Legislature, hereby extend appreciation to Richard Ferlauto

2-19     on his years of loyal service at the Center for Policy Alternatives

2-20     and extend congratulations to him on his new position with the

2-21     Office of Investment at the AFL-CIO; and, be it further

2-22           RESOLVED, That a copy of this Resolution be prepared for

2-23     him as an expression of esteem from the Texas Senate.

2-24                                                                   Ellis

2-25                                  ______________________________________

2-26                                          President of the Senate

 3-1                                       I hereby certify that the above

 3-2                                  Resolution was adopted by the Senate

 3-3                                  on April 23, 1997.

 3-4                                  ______________________________________

 3-5                                          Secretary of the Senate

 3-6                                  ______________________________________

 3-7                                           Member, Texas Senate