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SENATE RESOLUTION NO. 672
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WHEREAS, The Senate of the State of Texas is pleased to |
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recognize Nathan C. Hallett, who is retiring April 30, 2015, as |
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treasurer of Dallas Area Rapid Transit after 15 years of |
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outstanding service; and |
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WHEREAS, Mr. Hallett has throughout his career been noted |
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for his expertise in the field of finance and his extraordinary |
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vision and foresight; and |
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WHEREAS, He has negotiated terms for $3.4 million in |
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long-term bonds and $200 million in short-term notes, and he has |
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managed these instruments with a strong sense of fiscal |
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responsibility; he also negotiated four tax-advantaged lease |
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transactions that have generated approximately $20 million in |
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cash for the agency; and |
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WHEREAS, Mr. Hallett has expertly managed the agency's |
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fuel and electricity hedge programs; he has been a member of the |
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agency's Retirement Committee and also served as chair of its |
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Investment Committee; and |
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WHEREAS, An exemplary administrator and public servant, he |
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is respected and admired by his colleagues, and his presence at |
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Dallas Area Rapid Transit will be greatly missed; now, therefore, |
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be it |
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RESOLVED, That the Senate of the State of Texas, 84th |
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Legislature, hereby commend Nathan C. Hallett on his exceptional |
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service to the people of Dallas as treasurer of Dallas Area Rapid |
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Transit and extend to him best wishes for continued success in |
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all his endeavors; and, be it further |
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RESOLVED, That a copy of this Resolution be prepared for |
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him as an expression of esteem from the Texas Senate. |
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West |
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________________________________ |
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President of the Senate |
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I hereby certify that the |
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above Resolution was adopted by |
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the Senate on April 30, 2015. |
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________________________________ |
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Secretary of the Senate |
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________________________________ |
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Member, Texas Senate |