Corpus Christi first to tap into Military loan
November 5, 2004
Naval Air Station Corpus Christi (NAS Corpus Christi) will be receiving more than $5.2 million in low-interest loans from the Texas Revolving Loan Fund.
Written by Senator Eliot Shapleigh,
On October 13th, Governor Perry announced that Naval Air Station Corpus Christi (NAS Corpus Christi) will be receiving more than $5.2 million in low-interest loans from the Texas Revolving Loan Fund. The Fund was established through a Constitutional amendment that authorizes the issuance of general obligation bonds for up to $250 million payable from the State's general revenue fund to provide loans to defense communities for economic development projects or infrastructure projects that will enhance the military value of the installations. The loan for NAS Corpus Christi will be used for three critical road improvement projects that will enhance the installation's capabilities and increase its military value to the U.S. Armed Forces.
Texas Military Preparedness Commission Meeting in Austin
On November 18th the Texas Military Preparedness Commission (TMPC) will hold its quarterly meeting in Austin to discuss potential redevelopment issues facing Texas defense communities. The mission of the TMPC is to develop a pro-active statewide strategy to assist defense dependent communities in the prevention of future base closures and realignments and to assist defense dependent communities prepare for the next generation of military in Texas. To this end, the TMPC meets quarterly to discuss various issues facing Texas' defense community. In November, the Commission will address the logical and necessary actions to prepare for potential redevelopment needs as a result of BRAC 2005. Commissioners and the public will hear briefings from community leaders that have dealt with closures and realignments in past BRAC rounds.
