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A BILL TO BE ENTITLED
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AN ACT
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relating to the allocation of money in the Texas Energy Fund. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 34.0106, Utilities Code, is amended by |
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adding Subsection (f) to read as follows: |
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(f) Notwithstanding any other law, the commission may not |
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allocate more than $5 billion from the fund to provide loans or |
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grants under Section 34.0104 or 34.0105 until the maximum amount of |
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money from the fund allowed under Subsections (e)(1) and (3) has |
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been allocated to provide: |
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(1) grants under Section 34.0103; and |
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(2) grants or loans under Subchapter B. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2025. |