SENATE RESOLUTION NO. 672
WHEREAS, The Senate of the State of Texas is pleased to
recognize Nathan C. Hallett, who is retiring April 30, 2015, as
treasurer of Dallas Area Rapid Transit after 15 years of
outstanding service; and
WHEREAS, Mr. Hallett has throughout his career been noted
for his expertise in the field of finance and his extraordinary
vision and foresight; and
WHEREAS, He has negotiated terms for $3.4 million in
long-term bonds and $200 million in short-term notes, and he has
managed these instruments with a strong sense of fiscal
responsibility; he also negotiated four tax-advantaged lease
transactions that have generated approximately $20 million in
cash for the agency; and
WHEREAS, Mr. Hallett has expertly managed the agency's
fuel and electricity hedge programs; he has been a member of the
agency's Retirement Committee and also served as chair of its
Investment Committee; and
WHEREAS, An exemplary administrator and public servant, he
is respected and admired by his colleagues, and his presence at
Dallas Area Rapid Transit will be greatly missed; now, therefore,
be it
RESOLVED, That the Senate of the State of Texas, 84th
Legislature, hereby commend Nathan C. Hallett on his exceptional
service to the people of Dallas as treasurer of Dallas Area Rapid
Transit and extend to him best wishes for continued success in
all his endeavors; and, be it further
RESOLVED, That a copy of this Resolution be prepared for
him as an expression of esteem from the Texas Senate.
West
________________________________
President of the Senate
I hereby certify that the
above Resolution was adopted by
the Senate on April 30, 2015.
________________________________
Secretary of the Senate
________________________________
Member, Texas Senate