Bill Text: TX HB2502 | 2023-2024 | 88th Legislature | Introduced
Bill Title: Relating to the creation of an energy efficiency loan guarantee program.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2023-04-13 - Left pending in committee [HB2502 Detail]
Download: Texas-2023-HB2502-Introduced.html
88R6947 ANG-F | ||
By: Reynolds | H.B. No. 2502 |
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relating to the creation of an energy efficiency loan guarantee | ||
program. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Chapter 388, Health and Safety Code, is amended | ||
by adding Section 388.013 to read as follows: | ||
Sec. 388.013. ENERGY EFFICIENCY LOAN GUARANTEE PROGRAM. | ||
(a) The comptroller and the State Energy Conservation Office by | ||
rule shall establish and administer a program to issue or guarantee | ||
loans for energy audits, upgrades, or retrofits to increase the | ||
energy efficiency of commercial buildings and residences that are | ||
not newly constructed. | ||
(b) Rules adopted under this section must establish | ||
eligibility requirements to receive a loan or loan guarantee under | ||
this section. The requirements must include emissions reduction | ||
cost-effectiveness criteria. | ||
(c) The State Energy Conservation Office shall: | ||
(1) use money from federal grants available through | ||
the United States Department of Energy to begin the program | ||
established under this section and leverage private capital or | ||
state resources, if money available under the grants is | ||
appropriated for that purpose; and | ||
(2) establish policies for the use of federal grants | ||
that are compatible with requirements associated with the issuance | ||
of those grants. | ||
(d) The State Energy Conservation Office may use a portion | ||
of the money or other resources described by Subsection (c) for | ||
grants, technical assistance, or administrative expenses. | ||
(e) The State Energy Conservation Office annually shall | ||
submit to the commission and the laboratory a report that: | ||
(1) evaluates the effectiveness of the program | ||
established under this section; and | ||
(2) quantifies energy savings and emissions | ||
reductions as a result of this program for consideration in the | ||
state implementation plan for emissions reduction credit. | ||
SECTION 2. Section 389.002, Health and Safety Code, is | ||
amended to read as follows: | ||
Sec. 389.002. USE OF CERTAIN INFORMATION FOR FEDERAL | ||
RECOGNITION OF EMISSIONS REDUCTIONS. The commission, using | ||
information derived from the reports to the commission under | ||
Sections 386.205, 388.003(e), [ |
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take all appropriate and necessary actions so that emissions | ||
reductions achieved by means of activities under Chapters 386 and | ||
388 are credited by the United States Environmental Protection | ||
Agency to the appropriate emissions reduction objectives in the | ||
state implementation plan. | ||
SECTION 3. This Act takes effect September 1, 2023. |