1-1 AN ACT
1-2 relating to establishing a loan program to assist communities that
1-3 may be affected by federal military base closures.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Sections 486.001 through 486.009, Government
1-6 Code, are designated as Subchapter A, Chapter 486, Government Code,
1-7 and a subchapter heading is added to read as follows:
1-8 SUBCHAPTER A. GRANTS TO LOCAL AREAS AFFECTED BY
1-9 DEFENSE BASE REDUCTION
1-10 SECTION 2. Chapter 486, Government Code, is amended by
1-11 adding Subchapter B to read as follows:
1-12 SUBCHAPTER B. REVOLVING LOANS TO COMMUNITIES POTENTIALLY
1-13 AFFECTED BY DEFENSE BASE REDUCTION PROCESS
1-14 Sec. 486.051. DEFINITIONS. In this subchapter:
1-15 (1) "Account" means the community infrastructure
1-16 development revolving loan account.
1-17 (2) "Eligible community" means a local governmental
1-18 entity eligible for a grant under Section 486.003 and that is
1-19 located less than 25 miles from a defense base facility described
1-20 by Section 486.003(b)(1).
1-21 (3) "Office" means the Office of Defense Affairs.
1-22 Sec. 486.052. REVOLVING LOAN PROGRAM. (a) The office shall
1-23 administer a revolving loan program for assistance to an eligible
1-24 community in developing infrastructure to minimize the possibility
1-25 of or the negative effects of defense base reduction on the
2-1 eligible community. The loans may be granted to an eligible
2-2 community before the neighboring defense base is closed.
2-3 (b) The office by rule shall establish criteria and
2-4 procedures for evaluations of applications for loans under the
2-5 program.
2-6 (c) The office by rule shall establish categories of
2-7 eligible infrastructure projects for which an eligible community
2-8 may apply for a loan.
2-9 Sec. 486.053. REVOLVING LOAN ACCOUNT. (a) The community
2-10 infrastructure development revolving loan account is an account in
2-11 the general revenue fund.
2-12 (b) The account may be used only for loans made under this
2-13 subchapter.
2-14 (c) The office may accept gifts or grants from any source
2-15 for the purposes of this subchapter. The office shall deposit
2-16 gifts or grants to the credit of the account.
2-17 (d) The office shall deposit to the credit of the account
2-18 all loan payments made by an eligible community.
2-19 SECTION 3. The Office of Defense Affairs shall adopt rules
2-20 and procedures so that the office may begin to offer loans under
2-21 Subchapter B, Chapter 486, Government Code, as added by this Act,
2-22 on or before September 1, 2003. The Office of Defense Affairs has
2-23 no duty to act under this section or Subchapter B, Chapter 486,
2-24 Government Code, as added by this Act, unless the community
2-25 infrastructure development revolving loan account in the general
2-26 revenue fund is funded sufficiently to enable the Office of Defense
S.B. No. 1815
3-1 Affairs to make loans under that subchapter and to pay the office's
3-2 costs of administering that subchapter.
3-3 SECTION 4. This Act takes effect September 1, 2001.
_______________________________ _______________________________
President of the Senate Speaker of the House
I hereby certify that S.B. No. 1815 passed the Senate on
April 30, 2001, by a viva-voce vote; May 26, 2001, Senate refused
to concur in House amendment; May 26, 2001, returned to House for
further consideration.
_______________________________
Secretary of the Senate
I hereby certify that S.B. No. 1815 passed the House, with
amendment, on May 23, 2001, by a non-record vote; May 26, 2001,
returned to House for further consideration; May 27, 2001, passed
without amendment by a non-record vote.
_______________________________
Chief Clerk of the House
Approved:
_______________________________
Date
_______________________________
Governor