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A JOINT RESOLUTION
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proposing a constitutional amendment to authorize the use of money |
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from the Texas energy fund for energy efficiency projects conducted |
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to benefit retail electric customers. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 49-q(b), Article III, Texas |
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Constitution, is amended to read as follows: |
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(b) As provided by general law, money in the Texas energy |
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fund may be administered and used, without further appropriation, |
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only by the Public Utility Commission of Texas or that commission's |
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successor in function to provide loans and grants to any entity to |
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finance or incentivize the construction, maintenance, |
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modernization, and operation of electric generating facilities, |
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including associated infrastructure, necessary to ensure the |
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reliability or adequacy of an electric power grid in this state and |
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to finance energy efficiency projects conducted to benefit retail |
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electric customers. The commission shall allocate money from the |
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fund for loans and grants to eligible projects: |
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(1) for electric generating facilities that serve as |
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backup power sources; and |
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(2) in each region of the state that is part of an |
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electric power grid in proportion to that region's load share. |
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SECTION 2. This proposed constitutional amendment shall be |
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submitted to the voters at an election to be held November 4, 2025. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment to authorize the use of |
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money from the Texas energy fund for energy efficiency projects |
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conducted to benefit retail electric customers." |