Sec. 113.287. FUELS CONVERSION LOAN PROGRAM. (a) The council may make loans, grants, or other distributions to eligible borrowers to fund conversion or infrastructure projects to promote the use of environmentally beneficial fuels or for other purposes, subject to applicable regulations or approval of the United States Department of Energy.
(b) The council shall adopt rules necessary to administer the fuels conversion loan program.
(c) The council shall adopt rules under this section in accordance with applicable rules and regulations of the United States Department of Energy.
(d) The council by rule shall determine which individuals and businesses are eligible for a loan, grant, or other disbursement under this section. The rules shall provide for historically underutilized businesses, individuals with low incomes, institutions of higher education, and health care facilities to be eligible for loans, grants, or other disbursements to undertake conversion and infrastructure projects for fuels.
(e) A state agency, county, municipality, school district, or mass transit authority or department is eligible to receive a loan, grant, or other disbursement under this subchapter to carry out an eligible conversion or infrastructure project regarding LPG or another environmentally beneficial fuel to comply with fuel requirements provided by or by rules adopted under:
(1) Subchapter A, Chapter 2158, Government Code; or
(2) Subchapter C, Chapter 2171, Government Code.
(f) The council may make a loan to finance the construction of an infrastructure refueling facility only if the facility is to serve and be accessible to the general public to the extent practicable.
Added by Acts 1993, 73rd Leg., ch. 603, Sec. 4, eff. Sept. 1, 1993. Amended by Acts 1995, 74th Leg., ch. 11, Sec. 17, eff. Sept. 1, 1995; Acts 1995, 74th Leg., ch. 260, Sec. 41, eff. May 30, 1995; Acts 1997, 75th Leg., ch. 165, Sec. 30.230, eff. Sept. 1, 1997.
Amended by:
Acts 2005, 79th Leg., Ch. 864 (S.B. 1032), Sec. 2, eff. September 1, 2005.
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