Bill Amendment: TX SB2627 | 2023-2024 | 88th Legislature

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: Relating to funding mechanisms to support the construction, maintenance, modernization, and operation of electric generating facilities.

Status: 2023-06-09 - Effective on adoption of const. amendment [SB2627 Detail]

Download: Texas-2023-SB2627-House_Amendment_H_2_4-Anch_a.html

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Amend CSSB 2627 (house committee report) on page 4 by striking lines 14 through 16 and substituting the following:

(2)  be payable ratably starting on the earlier of:

(A)  the date the facility for which the loan was provided achieves commercial operations; or

(B)  the second anniversary of the estimated commercial operation date of the facility for which the loan was provided, as stated in the loan application; and

(3)  bear an interest rate equal to the most recent federal funds rate published by the Federal Reserve Bank of New York.