TITLE: Relating to the establishment of a residential energy efficiency loan program.

SUMMARY: Relating to the establishment of a residential energy efficiency loan program.

FULL TEXT:
AN ACT relating to the establishment of a residential energy efficiency loan program. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Chapter 388, Health and Safety Code, is amended by adding Section 388.013 to read as follows: Sec. 388.013. ENERGY EFFICIENCY LOAN PROGRAM. (a) The comptroller and the State Energy Conservation Office by rule shall establish and administer a self-sustaining program that issues loans to be used for improvements that increase the energy efficiency of residences that are not newly constructed. (b) Rules adopted under this section must establish eligibility requirements for receipt of a loan issued under this section, including energy savings cost-effectiveness criteria. (c) The State Energy Conservation Office annually shall evaluate the effectiveness of the program established under this section and quantify energy savings realized as a result of the program. (d) Money from the general revenue fund may not be appropriated for the purpose of implementing the program established under this section. SECTION 2. This Act takes effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution.