Tex. Util. Code § 34.0102 · Subchapter A. TEXAS ENERGY FUND; GRANTS AND LOANS
FUND.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The fund is a special fund in the state treasury outside the general revenue fund to be administered and used by the commission for the purposes authorized by this chapter. The commission may establish separate accounts in the fund.
(b) The fund and the fund's accounts are kept and held by the trust company for and in the name of the commission.
(c) Money deposited to the credit of the fund may be used only as provided by this chapter.
(d) The fund consists of:
(1) money appropriated, credited, transferred, or deposited to the credit of the fund by or as authorized by law, including money from any source transferred or deposited to the credit of the fund at the commission's discretion;
(2) revenue that the legislature by statute dedicates for deposit to the credit of the fund;
(3) investment earnings and interest earned on money in the fund; and
(4) gifts, grants, and donations contributed to the fund.
Notes and commentary — not statutory text
History
Added by Acts 2023, 88th Leg., R.S., Ch. 465 (S.B. 2627), Sec. 2, eff. November 7, 2023.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/UT/htm/UT.34.htm
- Text hash
- sha256 afdbfafc3ca45d61a6661f977bd771a2d97e86db62acca10b08fb63e07b529b7
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.