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AN ACT
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relating to financial assistance to local governmental entities |
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affected by the realignment of defense jobs or facilities. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 436.1531(a), Government Code, is amended |
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to read as follows: |
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(a) The office may provide a loan of financial assistance to |
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a defense community for an economic development project that |
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minimizes the negative effects of a defense base reduction on the |
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defense community as a result of a United States Department of |
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Defense base realignment process that occurs during 1995 [2005] or |
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later. The loan shall be made from the Texas military value |
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revolving loan account established under Section 436.156. |
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SECTION 2. Section 436.1532(a), Government Code, is amended |
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to read as follows: |
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(a) The office may provide a loan of financial assistance to |
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a defense community for an infrastructure project to accommodate |
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new or expanded military missions assigned to a military base or |
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defense facility located in, near, or adjacent to the defense |
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community as a result of a United States Department of Defense base |
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realignment process that occurs during 1995 [2005] or later. The |
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loan shall be made from the Texas military value revolving loan |
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account established under Section 436.156. |
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SECTION 3. Sections 436.202(a) and (b), Government Code, |
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are amended to read as follows: |
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(a) From money appropriated for this purpose, the |
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commission may make a grant to an eligible local governmental |
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entity to: |
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(1) enable the entity to match money or meet an |
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investment requirement necessary to receive federal assistance |
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provided to the local governmental entity for responding to or |
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recovering from an event described by Section 436.201(b); |
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(2) match the entity's contribution for a purpose |
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described by Section 436.203 at a closed or realigned defense |
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facility; [or] |
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(3) construct infrastructure and other projects |
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necessary to accommodate a new or expanded military mission at a |
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military base or to reduce the impact of an action of the United |
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States Department of Defense that will negatively impact a defense |
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facility located in or near the entity; or |
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(4) construct infrastructure and other projects |
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necessary to prevent the reduction or closing of a defense |
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facility. |
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(b) The commission may not make a grant for an amount less |
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than $50,000 or an amount more than the lesser of: |
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(1) 50 percent of the amount of matching money or |
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investment that the local governmental entity is required to |
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provide, subject to Subsection (c); |
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(2) 50 percent of the local governmental entity's |
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investment for purposes described by Section 436.203 if federal |
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assistance is unavailable; or |
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(3) $5 [$2] million. |
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SECTION 4. Section 436.203(c), Government Code, is amended |
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to read as follows: |
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(c) An eligible local governmental entity described by |
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Section 436.201(a)(3), [or] (4), or (5) may use the proceeds of the |
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grant to purchase or lease equipment to train defense workers whose |
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jobs have been threatened or lost because of an event described by |
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Section 436.201(b) or to train workers to support military |
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installations or defense facilities. |
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SECTION 5. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2015. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I hereby certify that S.B. No. 503 passed the Senate on |
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April 20, 2015, by the following vote: Yeas 29, Nays 1. |
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______________________________ |
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Secretary of the Senate |
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I hereby certify that S.B. No. 503 passed the House on |
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May 11, 2015, by the following vote: Yeas 138, Nays 0, |
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one present not voting. |
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______________________________ |
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Chief Clerk of the House |
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Approved: |
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______________________________ |
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Date |
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______________________________ |
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Governor |