Texas HB4859 limits the allocation of funds from the Texas Energy Fund for certain grants and loans.

Texas HB4859 amends the Utilities Code to restrict the allocation of funds from the Texas Energy Fund. Specifically, it prohibits the commission from allocating more than $5 billion for loans or grants under certain sections until the maximum amount of funds has been allocated for grants under another section and for grants or loans under a sub-chapter. The act takes effect immediately if approved by a two-thirds vote in both houses, otherwise it becomes effective September 1, 2025.

Texas HB4859 limits the allocation of funds from the Texas Energy Fund for certain grants and loans.

Texas HB4859 amends the Utilities Code to restrict the allocation of funds from the Texas Energy Fund. Specifically, it prohibits the commission from allocating more than $5 billion for loans or grants under certain sections until the maximum amount of funds has been allocated for grants under another section and for grants or loans under a sub-chapter. The act takes effect immediately if approved by a two-thirds vote in both houses, otherwise it becomes effective September 1, 2025.