Tex. Util. Code § 34.0106 · Subchapter A. TEXAS ENERGY FUND; GRANTS AND LOANS
LOAN AND GRANT RESTRICTIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If the commission has more than four pending applications for loans to be made from the fund on the date the commission awards a loan, the amount of the loan awarded may not exceed 25 percent of the fund balance on that date.
(b) The commission may not provide a loan or a grant under this chapter:
(1) for a facility that will be used primarily to serve an industrial load or private use network; or
(2) for the construction or operation of a natural gas transmission pipeline.
(c) The commission shall require each recipient of a loan under this chapter to enter into a debt covenant that requires the recipient to meet facility performance standards adopted by the commission. The commission by rule shall adopt performance standards for the purposes of this subsection based on reliability metrics appropriate for the types of facilities for which loans may be provided.
(d) Each facility for which a loan or grant is provided under Section 34.0104 or 34.0105 must participate in the ERCOT wholesale electricity market.
(e) The commission may provide from the fund:
(1) for grants under Section 34.0103, not more than $1 billion;
(2) for loans and grants under Sections 34.0104 and 34.0105, not more than $7.2 billion; and
(3) for grants or loans under Subchapter B, not more than $1.8 billion.
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 bbbac15941a22928e1580e96acaf242090fa32c493d310b332c0bb47a4785b04
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Utilities Code
- Tex. Util. Code § 34.0103GRANTS FOR FACILITIES OUTSIDE ERCOT POWER REGION.Printed as Section 34.0103
- Tex. Util. Code § 34.0104LOANS FOR ERCOT POWER REGION.Printed as Section 34.0104 or 34.0105 | Sections 34.0104 and 34.0105
- Tex. Util. Code § 34.0105COMPLETION BONUS GRANTS.Printed as Section 34.0104 or 34.0105 | Sections 34.0104 and 34.0105
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.