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Texas Governor signs $1.8B Border Security Funding into law to include continuing construction of the Wall

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From: Governor Greg Abbott Press Office
Date: Fri, Sep 17, 2021 at 2:00 PM
Subject: Governor Abbott Signs Border Security Funding Into Law
To: Vegas IR media VETBIZ Globalcrossroadscapital.com>

Governor Abbott Signs Border Security Funding Into Law
The State Of Texas Governor Seal
For Immediate Distribution | September 17, 2021 | (512) 463-1826

Governor Abbott Signs Border Security Funding Into Law

AUSTIN – Governor Greg Abbott today signed House Bill 9 into law, which will provide an additional $1.8 billion in state funding for border security over the next two years. The Governor signed the legislation at the Fort Worth Police Officers Association (FWPOA) headquarters and was joined for the ceremony by the bills authors, Senator Jane Nelson and Representative Greg Bonnen, Lieutenant Governor Dan Patrick, FWPOA President Manny Ramirez, and other members of the legislature.

“Our border crisis goes beyond the Rio Grande Valley and our South Texas communities — the smuggling of drugs, people, and weapons reaches far and wide throughout our state, and it affects all of us,” said Governor Abbott. “That is why border security funding is crucial to our efforts to keep the entire state of Texas safe and secure. This funding will provide our agency partners with even more support to address the influx of unlawful migrants and prevent dangerous people and contraband from entering our state. I thank Senator Nelson, Representative Bonnen, and the entire state legislature for ensuring that this important bill made it to my desk. I am proud to sign House Bill 9 into law and will continue to work tirelessly to secure our border and protect the people of Texas.”

House Bill 9 includes $32.5 million to the Office of Court Administration for court costs; $301.0 million to the Texas Military Department for additional personnel; $154.8 million to the Department of Public Safety for Operation Lone Star surge costs, replacement tactical marine units, and additional intelligence personnel; $273.7 million to the Texas Department of Criminal Justice for increased corrections costs; $214,785 to the Texas Commission on Jail Standards for employee overtime and travel costs; $1.02 billion for barrier construction, local grants, and establishing processing centers; $3.75 million for Border Prosecution Unit funding; and $16.4 million to the Texas Department of State Health Services for contracted ambulance services. House Bill 9 also includes extensive reporting requirements for the use of this funding.

Governor Abbott made border security funding a priority for the first and second special legislative sessions. The Governor launched Operation Lone Star in early March to help secure the border and combat the smuggling of people and drugs in Texas. There are currently DPS troopers, agents, Guardsmen, and rangers, who are engaged in the mission and working with local law enforcement. The Governor expanded the mission shortly after its launch to include anti-human trafficking efforts. Governor Abbott’s plan to secure the border also includes strategic fencing, barriers, and the construction of a border wall. A project manager for the initial stage of building the wall was announced yesterday.

photo1(PHOTO: Office Of The Governor, 9/17/21)

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Please DO NOT REPLY to this message. It comes from an un-monitored mailbox. If you have any questions regarding this announcement, please contact the Governor’s Press Office at (512) 463-1826.

GovDelivery, Inc. sending on behalf of the Office of the Governor · P.O. Box 12428 · Austin TX 78711-2428 · 800-843-5789

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Source: https://sincityfinancier.wordpress.com/2021/09/20/texas-governor-signs-1-8b-border-security-funding-into-law-to-include-continuing-construction-of-the-wall/

Private Equity

The wealthy already pay more than their ‘fair share’ of taxes. Top 1% pay 40%. Top 10% pay majority. Bottom 90% pay combined 28%. Bottom 50% get more in welfare benefits than they pay taxes

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Private Equity

Impact-linked carry is good news – if you can pull it off

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A trickle of fund managers choosing to link carried interest to their impact and ESG targets is good news for private markets, showing the industry is serious about its sustainability goals.
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Source: https://admin.privateequityinternational.com/impact-linked-carry-is-good-news-if-you-can-pull-it-off/

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Private Equity

TRS Louisiana confirms $75m commitment

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The Baton Rouge-based public pension has backed Kelso & Company’s 11th-series buyout fund.
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Source: https://admin.privateequityinternational.com/trs-louisiana-confirms-75m-commitment/

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Private Equity

Adiwale Partners reaches final close of its first fund

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The firm makes its final close at €60m, nearly two years after its first close.
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Source: https://admin.privateequityinternational.com/adiwale-partners-reaches-final-close-of-its-first-fund/

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