Bill Text: TX HB2197 | 2017-2018 | 85th Legislature | Introduced


Bill Title: Relating to the creation of a port capital project revolving loan program by the Texas Department of Transportation.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2017-02-21 - Filed [HB2197 Detail]

Download: Texas-2017-HB2197-Introduced.html
  85R9891 MTB-D
 
  By: Oliveira H.B. No. 2197
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the creation of a port capital project revolving loan
  program by the Texas Department of Transportation.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Chapter 55, Transportation Code, is amended by
  adding Section 55.010 to read as follows:
         Sec. 55.010.  PORT CAPITAL PROJECT REVOLVING LOAN PROGRAM.
  (a) The department shall establish a revolving loan program to
  provide loans to port authorities and navigation districts for port
  security projects, transportation projects, and other projects
  eligible for funding under Section 55.002(c). The department by
  rule shall, after consideration of the committee's
  recommendations, develop policies and procedures to administer the
  loan program from funds appropriated to the department for that
  purpose.
         (b)  The department shall enter into a written agreement with
  a port authority or navigation district that receives a loan under
  the program that contains the terms of the loan, including loan
  repayment requirements.
         SECTION 2.  This Act takes effect September 1, 2017.
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