Resolution in Support of a National Infrastructure Bank Exposed

The Resolution in Support of a National Infrastructure Bank was considered by ALEC's Commerce, Insurance and Economic Development Task Force at the 2011 Annual Meeting on August 5, 2011. This bill was part of the ALEC task force agenda between 2010 and 2012, but due to incomplete information, it is not known if the bill passed in a vote by legislators and lobbyists at ALEC task force meetings, if ALEC sought to distance itself from the bill as the public increased scrutiny of its pay-to-play activities, or if key operative language from the bill has been introduced by an ALEC legislator in a state legislature in the ensuing period or became binding law.

ALEC Model Bill Text

Summary

This Resolution supports the establishment of a National Infrastructure Bank in order to provide credit assistance and encourage investment in infrastructure.

Resolution

WHEREAS, a National Infrastructure Bank is being debated by the United States Congress;

WHEREAS, a National Infrastructure Bank could provide credit assistance, such as low- interest direct loans to leverage scarce public funds and support projects, including public-private partnerships, that utilize a specific local revenue stream for repayment to nationally or regionally significant infrastructure projects; and

WHEREAS, it is in the economic interest of the State of [insert state] and the United States to encourage local investment in nationally and regionally significant infrastructure, create jobs in near and long term, and improve the quality of life for hard-working families and businesses who rely on major highways to access employment, customers, and their families;

THEREFORE, BE IT JOINTLY RESOLVED by the Assembly and Senate of the state of [insert state] that; should Congress establish a National Infrastructure Bank that is independent from other federal agencies, governed by a non-political board of directors, and established to make commercially-based credit decisions to support a variety of infrastructure projects with regional and/or national significance and be it Further

BE IT FURTHER RESOLVED that the Chief Clerk of the Assembly transmit copies of this resolution to the President and Vice President of the United States, to the Speaker of the United States House of Representatives, to the Majority Leader in the Senate, to each Senator and Representative from [insert state] in the Congress of the United States, to the Secretary of United States Department of Transportation, and to the author for appropriate distribution.