By: Schwertner S.B. No. 2268
(In the Senate - Filed March 11, 2025; March 25, 2025, read
first time and referred to Committee on Business & Commerce;
April 16, 2025, reported favorably by the following vote: Yeas 11,
Nays 0; April 16, 2025, sent to printer.)
Click here to see the committee vote
A BILL TO BE ENTITLED
AN ACT
relating to disbursement of initial funds under the Texas energy
fund.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 34.0104(l), Utilities Code, is amended
to read as follows:
(l) The commission may [not] disburse the initial funds for
a loan under this section after December 31, 2025, if the commission
determines that market factors necessitate an extension of the
deadline for disbursement of initial funds. An applicant may
request disbursement of initial funds after December 31, 2025. The
commission shall approve or deny the request on a case-by-case
basis.
SECTION 2. This Act takes effect September 1, 2025.
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