85R23411 MCK-D
By: Cortez H.B. No. 3895
Substitute the following for H.B. No. 3895:
By: Button C.S.H.B. No. 3895
A BILL TO BE ENTITLED
AN ACT
relating to the application for and loans from the Texas military
value revolving loan account.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 436.054, Government Code, is amended by
amending Subsection (b) and adding Subsection (c) to read as
follows:
(b) The commission is a governmental body for purposes of
the open meetings law, Chapter 551. Except as otherwise provided by
Subsection (c), Chapter 551 applies to a meeting of the commission.
(c) The commission may allow for members' participation in a
meeting by telephone or other means of telecommunication or
electronic communication to consider an application for a loan from
the Texas military value revolving loan account. Any voting
conducted by telephone or other means of telecommunication or
electronic communication shall be subject to the same quorum
requirements of meetings where members are present in person.
SECTION 2. Section 436.154(a), Government Code, is amended
to read as follows:
(a) The commission shall adopt rules, in consultation with
the Texas Public Finance Authority, that contain the criteria for
evaluating the credit of a loan applicant and the financial
feasibility of a project. The commission, in consultation with the
Texas Public Finance Authority, shall also adopt a loan application
form. The application form may include:
(1) the name of the defense community and its
principal officers;
(2) the total cost of the project;
(3) the amount of state financial assistance
requested;
(4) the plan for repaying the loan; and
(5) any other information the commission requires to
perform its duties and to protect the public interest.
SECTION 3. This Act takes effect September 1, 2017.