1-1 By: Truan S.B. No. 1815 1-2 (In the Senate - Filed April 19, 2001; April 19, 2001, read 1-3 first time and referred to Committee on Veteran Affairs and 1-4 Military Installations; April 25, 2001, reported favorably, as 1-5 amended, by the following vote: Yeas 5, Nays 0; April 25, 2001, 1-6 sent to printer.) 1-7 COMMITTEE AMENDMENT NO. 1 By: Truan 1-8 Amend S.B. No. 1815 by adding the following at the end of 1-9 SECTION 3 of the bill: 1-10 "The Office of Defense Affairs has no duty to act under this 1-11 section or Subchapter B, Chapter 486, Government Code, as added by 1-12 this Act, unless the community infrastructure development revolving 1-13 loan account in the general revenue fund is funded sufficiently to 1-14 enable the Office of Defense Affairs to make loans under that 1-15 subchapter and to pay the office's costs of administering that 1-16 subchapter." 1-17 A BILL TO BE ENTITLED 1-18 AN ACT 1-19 relating to establishing a loan program to assist communities that 1-20 may be affected by federal military base closures. 1-21 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-22 SECTION 1. Sections 486.001 through 486.009, Government 1-23 Code, are designated as Subchapter A, Chapter 486, Government Code, 1-24 and a subchapter heading is added to read as follows: 1-25 SUBCHAPTER A. GRANTS TO LOCAL AREAS AFFECTED BY 1-26 DEFENSE BASE REDUCTION 1-27 SECTION 2. Chapter 486, Government Code, is amended by 1-28 adding Subchapter B to read as follows: 1-29 SUBCHAPTER B. REVOLVING LOANS TO COMMUNITIES POTENTIALLY 1-30 AFFECTED BY DEFENSE BASE REDUCTION PROCESS 1-31 Sec. 486.051. DEFINITIONS. In this subchapter: 1-32 (1) "Account" means the community infrastructure 1-33 development revolving loan account. 1-34 (2) "Eligible community" means a local governmental 1-35 entity eligible for a grant under Section 486.003 and that is 1-36 located less than 25 miles from a defense base facility described 1-37 by Section 486.003(b)(1). 1-38 (3) "Office" means the Office of Defense Affairs. 1-39 Sec. 486.052. REVOLVING LOAN PROGRAM. (a) The office shall 1-40 administer a revolving loan program for assistance to an eligible 1-41 community in developing infrastructure to minimize the possibility 1-42 of or the negative effects of defense base reduction on the 1-43 eligible community. The loans may be granted to an eligible 1-44 community before the neighboring defense base is closed. 1-45 (b) The office by rule shall establish criteria and 1-46 procedures for evaluations of applications for loans under the 1-47 program. 1-48 (c) The office by rule shall establish categories of 1-49 eligible infrastructure projects for which an eligible community 1-50 may apply for a loan. 1-51 Sec. 486.053. REVOLVING LOAN ACCOUNT. (a) The community 1-52 infrastructure development revolving loan account is an account in 1-53 the general revenue fund. 1-54 (b) The account may be used only for loans made under this 1-55 subchapter. 1-56 (c) The office may accept gifts or grants from any source 1-57 for the purposes of this subchapter. The office shall deposit 1-58 gifts or grants to the credit of the account. 1-59 (d) The office shall deposit to the credit of the account 1-60 all loan payments made by an eligible community. 1-61 SECTION 3. The Office of Defense Affairs shall adopt rules 1-62 and procedures so that the office may begin to offer loans under 1-63 Subchapter B, Chapter 486, Government Code, as added by this Act, 2-1 on or before September 1, 2003. 2-2 SECTION 4. This Act takes effect September 1, 2001. 2-3 * * * * *