Bill Text: TX HB4430 | 2021-2022 | 87th Legislature | Introduced
Bill Title: Relating to the establishment of a power generation resiliency loan program administered by the Public Utility Commission of Texas.
Sponsorship: Partisan Bill (Republican 1)
Status: (Introduced - Dead) 2021-03-29 - Referred to State Affairs [HB4430 Detail]
Download: Texas-2021-HB4430-Introduced.html
| 87R11245 BRG-D | ||
| By: Thompson of Brazoria | H.B. No. 4430 | |
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| relating to the establishment of a power generation resiliency loan | ||
| program administered by the Public Utility Commission of Texas. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Chapter 31, Utilities Code, is amended by adding | ||
| Subchapter C to read as follows: | ||
| SUBCHAPTER C. POWER GENERATION RESILIENCY PROGRAM | ||
| Sec. 31.101. DEFINITION. In this subchapter, "resiliency | ||
| program" means the power generation resiliency program established | ||
| under Section 31.102. | ||
| Sec. 31.102. POWER GENERATION RESILIENCY PROGRAM. (a) The | ||
| commission shall establish a power generation resiliency program to | ||
| award loans to owners of power generation facilities for the | ||
| purpose of improving the facilities to prevent facility failures. | ||
| (b) The commission by rule shall establish criteria for | ||
| projects that qualify for a loan under the resiliency program and | ||
| the procedures for applying for a loan under the program. | ||
| (c) A loan granted under the resiliency program must be | ||
| repaid over a period as provided by a binding agreement between the | ||
| owner of the facility to be improved and the commission. | ||
| (d) The comptroller shall oversee each loan the commission | ||
| grants under the resiliency program. | ||
| Sec. 31.103. POWER GENERATION RESILIENCY REVOLVING | ||
| ACCOUNT. (a) The power generation resiliency revolving account is | ||
| an account in the general revenue fund. | ||
| (b) The account consists of: | ||
| (1) appropriations of money to the account by the | ||
| legislature; | ||
| (2) gifts, donations, and grants, including federal | ||
| grants; | ||
| (3) payments on loans made under Section 31.102; and | ||
| (4) interest earned on the investment of the money in | ||
| the account. | ||
| (c) Money in the account may be appropriated only to the | ||
| commission for the purpose of providing loans to power generators | ||
| under the resiliency program. | ||
| SECTION 2. This Act takes effect September 1, 2021. | ||
