| Old | New | Differences | |
|---|---|---|---|
| 1 | - | 89R23684 CS-F | |
| 2 | 1 | By: Y. Davis of Dallas H.B. No. 5623 | |
| 3 | - | Substitute the following for H.B. No. 5623: | |
| 4 | - | By: King C.S.H.B. No. 5623 | |
| 5 | - | ||
| 6 | - | ||
| 7 | 2 | ||
| 8 | 3 | ||
| 9 | 4 | A BILL TO BE ENTITLED | |
| 10 | 5 | AN ACT | |
| 11 | - | relating to the provision of grants from the Texas energy | |
| 12 | - | certain energy efficiency projects. | |
| 6 | + | relating to the provision of loans and grants from the Texas Energy | |
| 7 | + | Fund for certain energy efficiency projects. | |
| 13 | 8 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 14 | 9 | SECTION 1. Subchapter A, Chapter 34, Utilities Code, is | |
| 15 | 10 | amended by adding Section 34.01051 to read as follows: | |
| 16 | - | Sec. 34.01051. ENERGY EFFICIENCY GRANTS. (a) The | |
| 11 | + | Sec. 34.01051. ENERGY EFFICIENCY LOANS AND GRANTS. (a) The | |
| 17 | 12 | commission may use money in the fund without further appropriation | |
| 18 | - | to provide grants for energy efficiency projects that benefit | |
| 19 | - | retail electric customers, including residential weatherization, | |
| 20 | - | demand reduction, or energy loss prevention projects. | |
| 13 | + | to provide loans or grants for energy efficiency projects that | |
| 14 | + | benefit retail electric customers, including residential | |
| 15 | + | weatherization, demand reduction, or energy loss prevention | |
| 16 | + | projects. | |
| 21 | 17 | (b) The commission by rule shall establish eligibility | |
| 22 | - | criteria to receive a grant under this section. | |
| 23 | - | (c) The commission may provide a grant under this | |
| 24 | - | to: | |
| 18 | + | criteria to receive a loan or grant under this section. | |
| 19 | + | (c) The commission may provide a loan or grant under this | |
| 20 | + | section to: | |
| 25 | 21 | (1) a retail electric customer; or | |
| 26 | 22 | (2) a nonprofit corporation. | |
| 27 | - | (d) Section 35.005(d) does not apply to a grant provided | |
| 28 | - | under this section. | |
| 29 | - | SECTION 2. This Act takes effect January 1, 2026, but only | |
| 23 | + | (d) Section 35.005(d) does not apply to a loan or grant | |
| 24 | + | provided under this section. | |
| 25 | + | SECTION 2. Section 34.0106(c), Utilities Code, is amended | |
| 26 | + | to read as follows: | |
| 27 | + | (c) The commission shall require each recipient of a loan | |
| 28 | + | under this chapter to enter into a debt covenant that requires the | |
| 29 | + | recipient to meet facility performance standards adopted by the | |
| 30 | + | commission. The commission by rule shall adopt performance | |
| 31 | + | standards for the purposes of this subsection based on reliability | |
| 32 | + | metrics appropriate for the types of facilities for which loans may | |
| 33 | + | be provided. This subsection does not apply to a loan or grant | |
| 34 | + | provided under Section 34.01051. | |
| 35 | + | SECTION 3. This Act takes effect January 1, 2026, but only | |
| 30 | 36 | if the constitutional amendment proposed by the 89th Legislature, | |
| 31 | 37 | Regular Session, 2025, authorizing the use of money in the Texas | |
| 32 | 38 | energy fund for energy efficiency projects that benefit retail | |
| 33 | 39 | electric customers is approved by the voters. If that amendment is | |
| 34 | 40 | not approved by the voters, this Act has no effect. |