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.

Spectrum: Partisan Bill (Republican 1-0)

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
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  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.
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