The bill proposes the establishment of an interstate compact for the liquefied natural gas (LNG) industry among states bordering the Gulf of America. It introduces Chapter 760 to the Government Code, which outlines the authority of the governor to develop and execute this compact. The compact aims to facilitate joint actions among the participating states, focusing on sharing information, resources, and services to protect and grow the LNG industry along the Gulf Coast, as well as to improve coordination for enhanced effectiveness and efficiency in the sector.

Additionally, the bill specifies that congressional approval is not required for the compact, emphasizing that it should not increase the political power of the compacting states in relation to the federal government. The act is set to take effect immediately upon receiving a two-thirds vote from both houses of the legislature; otherwise, it will become effective on September 1, 2025.

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