Texas Utilities Code
§ 34.0102 — FUND
UT § 34.0102Title 2. PUBLIC UTILITY REGULATORY ACT · Part B. ELECTRIC UTILITIES · Ch. 34. FACILITY FUNDING · Art. A. TEXAS ENERGY FUND; GRANTS AND LOANS
Statute text
View on source(a)The fund is a special fund in the state treasury outside the general revenue fund to be administered and used by the commission for the purposes authorized by this chapter. The commission may establish separate accounts in the fund.
(b)The fund and the fund's accounts are kept and held by the trust company for and in the name of the commission.
(c)Money deposited to the credit of the fund may be used only as provided by this chapter.
(d)The fund consists of:
(1)money appropriated, credited, transferred, or deposited to the credit of the fund by or as authorized by law, including money from any source transferred or deposited to the credit of the fund at the commission's discretion;
(2)revenue that the legislature by statute dedicates for deposit to the credit of the fund;
…
Legislative history
Added by Acts 2023, 88th Leg., R.S., Ch. 465 (S.B. 2627), Sec. 2, eff. November 7, 2023.