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 previous restriction that the commission could not disburse these funds after December 31, 2025. Instead, the commission is now allowed to disburse initial funds beyond this date if it determines that market factors necessitate an extension. Additionally, applicants can request disbursement of initial funds after the deadline, and the commission is required to evaluate these requests on a case-by-case basis.

This change aims to provide flexibility in the disbursement of funds, allowing for adjustments based on market conditions. The bill is set to take effect on September 1, 2025.

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