Bill Text: TX HB3895 | 2017-2018 | 85th Legislature | Comm Sub
Bill Title: Relating to the application for and loans from the Texas military value revolving loan account.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2017-05-10 - Placed on General State Calendar [HB3895 Detail]
Download: Texas-2017-HB3895-Comm_Sub.html
| 85R23411 MCK-D | |||
| By: Cortez | H.B. No. 3895 | ||
| Substitute the following for H.B. No. 3895: | |||
| By: Button | C.S.H.B. No. 3895 | ||
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| relating to the application for and loans from the Texas military | ||
| value revolving loan account. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Section 436.054, Government Code, is amended by | ||
| amending Subsection (b) and adding Subsection (c) to read as | ||
| follows: | ||
| (b) The commission is a governmental body for purposes of | ||
| the open meetings law, Chapter 551. Except as otherwise provided by | ||
| Subsection (c), Chapter 551 applies to a meeting of the commission. | ||
| (c) The commission may allow for members' participation in a | ||
| meeting by telephone or other means of telecommunication or | ||
| electronic communication to consider an application for a loan from | ||
| the Texas military value revolving loan account. Any voting | ||
| conducted by telephone or other means of telecommunication or | ||
| electronic communication shall be subject to the same quorum | ||
| requirements of meetings where members are present in person. | ||
| SECTION 2. Section 436.154(a), Government Code, is amended | ||
| to read as follows: | ||
| (a) The commission shall adopt rules, in consultation with | ||
| the Texas Public Finance Authority, that contain the criteria for | ||
| evaluating the credit of a loan applicant and the financial | ||
| feasibility of a project. The commission, in consultation with the | ||
| Texas Public Finance Authority, shall also adopt a loan application | ||
| form. The application form may include: | ||
| (1) the name of the defense community and its | ||
| principal officers; | ||
| (2) the total cost of the project; | ||
| (3) the amount of state financial assistance | ||
| requested; | ||
| (4) the plan for repaying the loan; and | ||
| (5) any other information the commission requires to | ||
| perform its duties and to protect the public interest. | ||
| SECTION 3. This Act takes effect September 1, 2017. | ||
