87R11245 BRG-D
By: Thompson of Brazoria H.B. No. 4430
A BILL TO BE ENTITLED
AN ACT
relating to the establishment of a power generation resiliency loan
program administered by the Public Utility Commission of Texas.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Chapter 31, Utilities Code, is amended by adding
Subchapter C to read as follows:
SUBCHAPTER C. POWER GENERATION RESILIENCY PROGRAM
Sec. 31.101. DEFINITION. In this subchapter, "resiliency
program" means the power generation resiliency program established
under Section 31.102.
Sec. 31.102. POWER GENERATION RESILIENCY PROGRAM. (a) The
commission shall establish a power generation resiliency program to
award loans to owners of power generation facilities for the
purpose of improving the facilities to prevent facility failures.
(b) The commission by rule shall establish criteria for
projects that qualify for a loan under the resiliency program and
the procedures for applying for a loan under the program.
(c) A loan granted under the resiliency program must be
repaid over a period as provided by a binding agreement between the
owner of the facility to be improved and the commission.
(d) The comptroller shall oversee each loan the commission
grants under the resiliency program.
Sec. 31.103. POWER GENERATION RESILIENCY REVOLVING
ACCOUNT. (a) The power generation resiliency revolving account is
an account in the general revenue fund.
(b) The account consists of:
(1) appropriations of money to the account by the
legislature;
(2) gifts, donations, and grants, including federal
grants;
(3) payments on loans made under Section 31.102; and
(4) interest earned on the investment of the money in
the account.
(c) Money in the account may be appropriated only to the
commission for the purpose of providing loans to power generators
under the resiliency program.
SECTION 2. This Act takes effect September 1, 2021.