Bill Text: TX HB3808 | 2015-2016 | 84th Legislature | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to financial assistance to local governmental entities affected by the realignment of defense jobs or facilities.
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2015-05-08 - Laid on the table subject to call [HB3808 Detail]
Download: Texas-2015-HB3808-Introduced.html
Bill Title: Relating to financial assistance to local governmental entities affected by the realignment of defense jobs or facilities.
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2015-05-08 - Laid on the table subject to call [HB3808 Detail]
Download: Texas-2015-HB3808-Introduced.html
84R4890 AAF-D | ||
By: Rodriguez of Travis | H.B. No. 3808 |
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relating to financial assistance to local governmental entities | ||
affected by the realignment of defense jobs or facilities. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 436.1531(a), Government Code, is amended | ||
to read as follows: | ||
(a) The office may provide a loan of financial assistance to | ||
a defense community for an economic development project that | ||
minimizes the negative effects of a defense base reduction on the | ||
defense community as a result of a United States Department of | ||
Defense base realignment process that occurs during 1995 [ |
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later. The loan shall be made from the Texas military value | ||
revolving loan account established under Section 436.156. | ||
SECTION 2. Section 436.202(b), Government Code, is amended | ||
to read as follows: | ||
(b) The commission may not make a grant for an amount less | ||
than $50,000 or an amount more than $5 [ |
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SECTION 3. Section 436.202(c), Government Code, is | ||
repealed. | ||
SECTION 4. This Act takes effect immediately if it receives | ||
a vote of two-thirds of all the members elected to each house, as | ||
provided by Section 39, Article III, Texas Constitution. If this | ||
Act does not receive the vote necessary for immediate effect, this | ||
Act takes effect September 1, 2015. |