The bill amends Section 34.0104(l) of the Utilities Code regarding the disbursement of initial funds under the Texas Energy Fund. It removes the restriction that the commission cannot disburse initial funds after December 31, 2025, and instead allows the commission to extend this deadline if market factors necessitate it. Additionally, applicants will have the opportunity to request disbursement of initial funds after the original deadline, with the commission required to evaluate these requests on a case-by-case basis.

This change aims to provide flexibility in the disbursement of funds, ensuring that applicants are not hindered by a fixed deadline if market conditions warrant an extension. The bill is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Utilities Code 34.0104 (Utilities Code 34)