Bill
SB 503
84(R) - 2015
Senate Veteran Affairs & Military Installations
Senate Veteran Affairs & Military Installations
Military
Veterans
Vote Recommendation
Neutral
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Neutral
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Neutral
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Neutral
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Neutral
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Neutral
Author(s)
Charles Perry
Co-Author(s)
Kirk Watson
Bill Caption
Relating to financial assistance to local governmental entities affected by the realignment of defense jobs or facilities.
Fiscal Notes
No significant fiscal implication to the State is anticipated
Bill Analysis
This legislation would expand eligibility for the Texas Military Preparedness
Commission loans through the Texas Military Value Revolving Loan Fund (TMVRL) to more economic development projects,and increase the amount the Texas
Military Preparedness Commission may grant to local governments through the Defense Economic Adjustment Assistance Grant Program (DEAAG).
Vote Recommendation Notes
This legislation would not appropriate any funding. This bill would only adjust the criteria to receive TMVRL loans, and the amount a municipality can apply for when submitting requests for DEAAG funding. Because this neither uplifts nor offends our liberty principles, we remain neutral on this legislation.
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