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Relating to the application for and loans from the Texas military value revolving loan account.
The fiscal impact cannot be determined at this time because it is dependent on the number,
size and performance of loans approved by the Texas Military Preparedness Commission.
The Texas Military Preparedness Commission is required to implement a provision of this
Act only if the legislature appropriates money specifically for that purpose. If the legislature
does not appropriate money specifically for that purpose, the commission may, but is not
required to, implement a provision of this Act using other appropriations available for that
purpose.
SB 2131 would authorize a defense community awarded a loan of financial assistance from the Texas military value revolving loan account 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. This bill would also authorize the Texas Military Preparedness Commission to allow for members' participation in a meeting by telephone or other means of telecommunication to consider an application for a loan from the Texas military value revolving loan account.
Texas Action is neutral on SB 2131 because it does not affect our liberty principles.
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