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Amend CSHB 431 by adding the following section, numbered 
appropriately, and by renumbering subsequent sections accordingly:
	SECTION ____.  Chapter 447, Government Code, is amended by 
adding Section 447.015 to read as follows:
	Sec. 447.015.  ALLOCATION OF FEDERAL QUALIFIED ENERGY 
CONSERVATION BONDS.  (a)  The comptroller may allocate to eligible 
issuers of bonds a portion of this state's allocation of federal 
qualified energy conservation bonds:
		(1)  in accordance with the federal law that 
establishes the federal subsidy for which the national limitation 
on qualified energy conservation bonds is established; and
		(2)  to the extent consistent with federal law, on 
receiving assurance from the issuer or other proper official that 
the issuance of the bond will achieve a purpose for which the 
federal subsidy is authorized.
	(b)  The state energy conservation office may administer 
programs established by the comptroller for:
		(1)  allocating federal qualified energy conservation 
bonds; or      
		(2)  designating bonds entitled to the federal subsidy 
for qualified energy conservation bonds, as limited by the federal 
limitation on the issuance of the bonds.
	(c)  The comptroller may adopt rules as necessary for the 
comptroller or the state energy conservation office to administer 
effectively programs for allocating this state's allocation of the 
qualified energy conservation bonds.  Rules adopted under this 
subsection:
		(1)  must be consistent with federal requirements and 
goals; and     
		(2)  may include any necessary forms or procedures.                    
	(d)  The comptroller may charge a fee for each application 
the comptroller or the state energy conservation office receives 
under a program implemented under this section.