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A BILL TO BE ENTITLED
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AN ACT
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relating to disbursement of initial funds under the Texas Energy |
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Fund. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 34.0104(l), Utilities Code, is amended |
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to read as follows: |
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(l) The commission may [not] disburse the initial funds for |
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a loan under this section after December 31, 2025, if the commission |
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determines that market factors necessitate an extension of the |
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deadline for disbursement of initial funds. An applicant may |
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request disbursement of initial funds after December 31, 2025. The |
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commission shall approve or deny the request on a case-by-case |
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basis. |
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SECTION 2. This Act takes effect September 1, 2025. |