Senate Concurrent Resolution No. 54 addresses a technical error in Senate Bill No. 2268, which has been approved by both the Texas Senate and House of Representatives. The resolution instructs the enrolling clerk of the Senate to make specific corrections to the bill's language, particularly in SECTION 2, where it calls for the removal of certain provisions and the substitution of new text regarding construction loans for municipally owned utilities and electric cooperatives.

The proposed changes clarify the conditions under which construction loans can be secured by public securities or senior liens on utility assets. Specifically, it outlines that loans to municipally owned utilities can be structured as public securities payable on a parity basis with other debts, while loans to electric cooperatives can be secured by a senior lien on their electric system assets. The resolution was adopted unanimously by the Senate and with a significant majority in the House, indicating broad legislative support for the correction.