H.R. No. 1138
 
 
 
R E S O L U T I O N
         WHEREAS, Deteriorating conditions in the credit markets have
  severely diminished the ability of cities to access traditional
  sources of funding for projects that meet critical local needs;
  consequently, many municipal projects today are in jeopardy or are
  being delayed, with prospects for their future realization highly
  uncertain; and
         WHEREAS, Municipal projects provide important, effective
  economic stimulus and are worthy of partnership with the federal
  government; civic projects instantly create and cause the retention
  of multiple thousands of jobs in many different industries; city
  projects often include partnerships with the private sector that
  create a leveraging of mutual interests and maximum economic
  benefit for the greater community; many city projects are transit
  oriented, which spurs additional economic benefit; moreover, when
  projects involve the enhancement or development of public mass
  transit, they result in reduced highway congestion, reduced air
  pollution, and reduced dependence on foreign oil; and
         WHEREAS, Projects supported by municipal bonds are vetted
  locally, approved in elections by local voters, and administered
  locally, conditions that promote the highest level of transparency
  and accountability; and
         WHEREAS, Recently passed amendments to the Troubled Assets
  Relief Program (TARP) legislation that are contained in H.R. 384,
  Section 402, clarify the authority of the U.S. Treasury regarding
  municipal securities; exercising the authority to directly
  purchase such bonds, and/or provide credit enhancements for them,
  would provide an opportunity to realize immediate, significant
  contributions to our economic recovery; and
         WHEREAS, Directly purchasing municipal securities at
  appropriate interest rates, or providing credit enhancements that
  allow cities access to traditional market interest rates for bonds,
  would give the federal government the opportunity to be repaid,
  with interest, the entire sum it furnishes through the partnership;
  in addition, providing this relief in the municipal credit markets
  would result in a significant tax reduction for local taxpayers in
  the form of dramatically reduced publicly funded interest costs;
  and
         WHEREAS, Working together to construct an efficient
  application of the authorization provided in H.R. 384, Section 402,
  would greatly enhance our country's progress toward economic
  recovery; now, therefore, be it
         RESOLVED, That the House of Representatives of the 81st Texas
  Legislature hereby respectfully urge U.S. Secretary of the Treasury
  Timothy Geithner to implement a plan that will allow cities
  affected by the credit crisis to access traditional market interest
  rates for bonds; and, be it further
         RESOLVED, That the chief clerk forward an official copy of
  this resolution to the U.S. secretary of the treasury.
 
  Mallory Caraway
 
 
Straus Gattis Menendez
 
Allen Geren Merritt
 
Alonzo Giddings Miklos
 
Alvarado Gonzales Miller of Comal
 
Anchia Gonzalez Toureilles Miller of Erath
 
Anderson Guillen Moody
 
Aycock Gutierrez Morrison
 
Berman Hamilton Naishtat
 
Bohac Hancock Oliveira
 
Bolton Hardcastle Olivo
 
Bonnen Harless Orr
 
Branch Harper-Brown Ortiz, Jr.
 
Brown of Kaufman Hartnett Otto
 
Brown of Brazos Heflin Parker
 
Burnam Hernandez Patrick
 
Button Herrero Paxton
 
Callegari Hilderbran Peña
 
Castro Hochberg Phillips
 
Chavez Hodge Pickett
 
Chisum Homer Pierson
 
Christian Hopson Pitts
 
Cohen Howard of Fort Bend Quintanilla
 
Coleman Howard of Travis Raymond
 
Cook Hughes Riddle
 
Corte Hunter Rios Ybarra
 
Crabb Isett Ritter
 
Craddick Jackson Rodriguez
 
Creighton Jones Rose
 
Crownover Keffer Sheffield
 
Darby Kent Shelton
 
Davis of Harris King of Parker Smith of Tarrant
 
Davis of Dallas King of Taylor Smith of Harris
 
Deshotel King of Zavala Smithee
 
Driver Kleinschmidt Solomons
 
Dukes Kolkhorst Strama
 
Dunnam Kuempel Swinford
 
Dutton Laubenberg Taylor
 
Edwards Legler Thibaut
 
Eiland Leibowitz Thompson
 
Eissler Lewis Truitt
 
Elkins Lucio III Turner of Tarrant
 
England Madden Turner of Harris
 
Farabee Maldonado Vaught
 
Farias Mallory Caraway Veasey
 
Farrar Marquez Villarreal
 
Fletcher Martinez Vo
 
Flores Martinez Fischer Walle
 
Flynn McCall Weber
 
Frost McClendon Woolley
 
Gallego McReynolds Zerwas
 
  ______________________________
  Speaker of the House     
 
         I certify that H.R. No. 1138 was adopted by the House on April
  9, 2009, by a non-record vote.
 
  ______________________________
  Chief Clerk of the House