| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 89R13928 CS-D | |
| 2 | 2 | By: Hunter H.B. No. 4632 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | ||
| 6 | 6 | ||
| 7 | 7 | A BILL TO BE ENTITLED | |
| 8 | 8 | AN ACT | |
| 9 | 9 | relating to disbursement of initial funds under the Texas Energy | |
| 10 | 10 | Fund. | |
| 11 | 11 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 12 | 12 | SECTION 1. Section 34.0104(l), Utilities Code, is amended | |
| 13 | 13 | to read as follows: | |
| 14 | 14 | (l) The commission may [not] disburse the initial funds for | |
| 15 | 15 | a loan under this section after December 31, 2025, if the commission | |
| 16 | 16 | determines that market factors necessitate an extension of the | |
| 17 | 17 | deadline for disbursement of initial funds. An applicant may | |
| 18 | 18 | request disbursement of initial funds after December 31, 2025. The | |
| 19 | 19 | commission shall approve or deny the request on a case-by-case | |
| 20 | 20 | basis. | |
| 21 | 21 | SECTION 2. This Act takes effect September 1, 2025. |