87R10994 CXP-D
 
  By: Vasut H.B. No. 2759
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  relating to the governing body of the independent organization
  certified to manage the ERCOT power region.
         BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         SECTION 1.  Section 39.151, Utilities Code, is amended by
  adding Subsections (g-2) and (g-3) to read as follows:
         (g-2)  To qualify to serve as a member of the governing body
  under Subsection (g)(4), (5), (6), or (7), a person must be a
  resident of this state.
         (g-3)  To maintain certification as an independent
  organization under this section, an organization's chief executive
  officer must be a resident of this state.
         SECTION 2.  This Act takes effect immediately if it receives
  a vote of two-thirds of all the members elected to each house, as
  provided by Section 39, Article III, Texas Constitution.  If this
  Act does not receive the vote necessary for immediate effect, this
  Act takes effect September 1, 2021.