1. (a) Background. The Texas Military Value Revolving Loan Fund was authorized by Senate Bill 652 of the 78th Legislature adding Texas Government Code, Chapter 436, Subchapter D. The purpose of the fund is to assist defense communities in enhancing the military value of the military facility in their area. Constitutional amendment Proposition 20 passed on September 13, 2003 authorized the issuance of general obligation bonds or notes not to exceed $250 million payable from the general revenues of the state to provide loans, which must be repaid, to defense communities for projects that enhance the military value of military installations.
2. (b) The primary goal of the program is to enhance the military value of the military facility to make it operate as efficiently as possible.

3. (c) Definitions. The following words and terms, when used in this section, shall have the following meanings, unless the context clearly indicates otherwise:

   1. (1) A Defense Dependent Community--A defense dependent community in Texas that is a political subdivision, including a municipality, county, or special district, that is adjacent to, is near, or encompasses any part of a defense base, and that has a currently operating defense facility employing 2,500 or more workers in an urban area or 1,000 workers outside an urban area;
   2. (2) Agency--The Office of the Governor;
   3. (3) Awardee--The Defense Dependent Community whose loan application is approved by the Commission;
   4. (4) Commission--The Texas Military Preparedness Commission;
   5. (5) Commissioners--Members of the Texas Military Preparedness Commission;

   6. (6) Defense worker--

      1. (A) An employee of the United States Department of Defense (DoD), including a member of the armed forces or a federal civilian worker; or
      2. (B) An employee of a government agency or private business, or entity providing a Department of Defense related function, who is employed on a defense facility;

   7. (7) Defense worker job--

      1. (A) A DoD authorized permanent position, such as a position contained on the appropriate unit manning documents; or
      2. (B) A position held or occupied by one or more defense workers for more than 12 months;
   8. (8) Executive director--The executive director of the Texas Military Preparedness Commission;
   9. (9) Financial partners--Federal and state agencies, private and public non-profit foundations, local taxing authorities, and private investors who agree to provide money for projects eligible for funding under this program;
   10. (10) Fund--The Texas Military Value Revolving Loan Fund; and
   11. (11) Panel--The Revolving Loan Fund Review Panel, made up of Commissioners who will evaluate loan applications and make loan recommendations to the Commission.

Source Note:The provisions of this §4.1 adopted to be effective June 22, 2004, 29 TexReg 5911.