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Relating to the application for and loans from the Texas military
value revolving loan account.
No significant fiscal implication to the State is anticipated.
HB 2119 would permit the Texas Military Preparedness Commission to allow for members' participation in a meeting for certain project approval votes by telephone or other means of communication. Meeting quorum rules would apply. The bill would also authorize a defense community awarded a loan for an eligible project to use a portion of the loan proceeds to pay off other debt, including commercial debt, the defense community incurred for purposes of financing the project.
The revolving loan fund was created to offer a low-cost alternative for military communities to fund needed projects for base redevelopment or enhancement of active installations.
Texas Action is neutral on HB 2119 because it does not affect our liberty principles.