Honorable Drew Darby, Chair, House Committee on Energy Resources
FROM:
Ursula Parks, Director, Legislative Budget Board
IN RE:
HB2769 by Rodriguez, Eddie (Relating to the date of expiration of a certain pilot revolving loan program established under the loanstar revolving loan program to provide for energy efficiency measures and renewable energy technology for certain organizations.), As Introduced
No significant fiscal implication to the State is anticipated.
The bill would amend Chapter 2305 of the Government Code, regarding restitution for oil overcharges, to extend the expiration date from December 1, 2015 to December 1, 2017 of the pilot program under the LoanSTAR revolving loan program to provide loans to houses of worship and community-based organizations to finance the implementation of energy efficiency measures and renewable energy technology in buildings owned or operated by those organizations. The bill would take effect immediately upon receipt of a two-thirds vote of all members elected to each house; otherwise the bill would take effect September 1, 2015.
Local Government Impact
No fiscal implication to units of local government is anticipated.