SENATE RESOLUTION NO. 228
WHEREAS, Community Development Financial Institutions
have played a vital role in helping Texans to reach economic
security; and
WHEREAS, Founded with the passage of the Riegle Community
Development and Regulatory Improvement Act of 1994, Community
Development Financial Institutions work to promote economic
development by providing financial products and services to
members of underserved communities; the more than 40
institutions across the state encompass community development
banks and credit unions, as well as nonregulated institutions
such as nonprofit loan funds and venture capital funds; and
WHEREAS, Community Development Financial Institutions
partner with traditional financial institutions to enable
underbanked clients to participate in the banking system, and
have collectively served thousands of Texas residents; and
WHEREAS, Community Development Financial Institutions
have made invaluable contributions to the economic vitality of
the Lone Star State, and they are indeed worthy of recognition
for the positive difference they have made in the lives of many
Texans; now, therefore, be it
RESOLVED, That the Senate of the State of Texas, 86th
Legislature, hereby honor Community Development Financial
Institutions and extend to all those associated with the
organizations sincere best wishes for continued success in their
important work.
Menéndez
________________________________
President of the Senate
I hereby certify that the
above Resolution was adopted by
the Senate on March 12, 2019.
________________________________
Secretary of the Senate
________________________________
Member, Texas Senate