HB 4632

Texas Energy Fund payout deadline becomes a case-by-case call

Died in committee

Verdict: No flags

No flagsInitial review

Initial review · graded Oct 20, 2026 · Headline, summary and grade are analysis of the bill text, not a finding about any person · How we grade

Caption

relating to disbursement of initial funds under the Texas Energy Fund.

Caption from analyzed text · version I.

Summary

The December 31, 2025 cutoff bends if market factors call for it.

This bill lifts the hard December 31, 2025 cutoff for the Public Utility Commission to pay out the first money on Texas Energy Fund loans. Loan applicants under the fund can ask for initial funds after that date, and the commission may grant the extension if it decides market factors call for it. On the ground, the commission decides each late request case by case instead of being barred from paying after the deadline.

Labels

Labels: QUICK READ: 122 WORDS. The bill as filed runs 122 words, counting the existing law it amends and the text it strikes. The median 89R bill as filed runs 441 words (derived, 8,702 graded bills, snapshot Oct 19, 2026).

Receipt

The receipt

89R-HB4632 · 2025-03-12

SOLD BY

Rep. Todd HunterRHouse 32

ITEM

relating to disbursement of initial funds under the Texas Energy Fund.

WHAT IT DOES

The December 31, 2025 cutoff bends if market factors call for it.

CHARGES

[ ] NONE FOUND

TOTAL

No significant fiscal implication to the State is anticipated.

LBB estimate · fiscal note version I · source

Sources

Fiscal note · version I · April 10, 2025

No first-year general revenue figure available here.

LBB published estimates · flow over the stated periods.

Source snapshot 2026-10-19, Central time.

HISTORY

Mar 12, 2025Filed
Apr 3, 2025Read first time
Apr 3, 2025Referred to State Affairs
Apr 14, 2025Scheduled for public hearing on . . .
Apr 14, 2025Withdrawn from schedule

FILED UNDER

DATA CENTERS, WATER AND THE GRID

THE TEXT

…“request disbursement of initial funds after December 31, 2025.”

Bill text, introduced version (I)

The bill keeps state energy-fund loan money for power projects flowing past the old deadline.

CORPORATE WELFARE

THE TEXT

…“commission shall approve or deny the request on a case-by-case”…

Bill text, introduced version (I)

The bill lets the commission decide, applicant by applicant, whether late state loan money goes out to energy-fund borrowers.

No flags

THANK YOU FOR CHECKING THE RECEIPT

CAMPAIGN PAID FOR BY

Todd Hunter

Donors

HillCo PAC$78K Texas Trial Lawyers Association PAC$45KMichael Gallagher$40,000

Not tied to this bill.

Sources

The author's campaign account only. Own money and internal transfers are separate on the member page.

Derived itemized flow · Oct 29, 2024 to Oct 23, 2026. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

HillCo PAC$77,645.00

HillCo PAC

$77,645.00

Cash: $57,000.00
Paid by others: $20,645.00
Total: $77,645.00

event $10,645.00Other filed descriptions $10,000.00

Also funds 131 other sitting lawmakers.

Derived recipient stock · Jul 8, 2024 to Oct 24, 2026. State data as of Nov 4, 2026.

TEC account match.

Team

Sources

Derived itemized flow · Nov 19, 2024 to Oct 23, 2026. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Report IDs: 100975878, 100990010, 101007811, 101058530, 101068671.

Texas Trial Lawyers Association PAC$45,000.00

Texas Trial Lawyers Association PAC

$45,000.00

Cash: $45,000.00
Paid by others: $0.00
Total: $45,000.00

Also funds 137 other sitting lawmakers.

Derived recipient stock · Jul 24, 2024 to Oct 23, 2026. State data as of Nov 4, 2026.

TEC account match.

Team

Sources

Derived itemized flow · Dec 14, 2024 to Oct 4, 2026. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Report IDs: 100975878, 100990010, 101007811, 101033964, 101068671.

Michael Gallagher$40,000.00

Money

Missing data does not establish zero giving. Display amounts are rounded.

HillCo PAC

$77,645.00

Cash: $57,000.00
Paid by others: $20,645.00
Total: $77,645.00

event $10,645.00Other filed descriptions $10,000.00

Also funds 131 other sitting lawmakers.

Derived recipient stock · Jul 8, 2024 to Oct 24, 2026. State data as of Nov 4, 2026.

TEC account match.

Team

Sources

Derived itemized flow · Nov 19, 2024 to Oct 23, 2026. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Report IDs: 100975878, 100990010, 101007811, 101058530, 101068671.

Texas Trial Lawyers Association PAC

$45,000.00

Cash: $45,000.00
Paid by others: $0.00
Total: $45,000.00

Also funds 137 other sitting lawmakers.

Derived recipient stock · Jul 24, 2024 to Oct 23, 2026. State data as of Nov 4, 2026.

TEC account match.

Team

Sources

Derived itemized flow · Dec 14, 2024 to Oct 4, 2026. State data as of Nov 4, 2026.

Derived itemized contributions on live regular reports and uncovered special-session dates. Internal account transfers and daily reports are excluded.

Report IDs: 100975878, 100990010, 101007811, 101033964, 101068671.

Votes

No floor vote loaded for this bill.

Fiscal

No significant fiscal implication to the State is anticipated.

LBB estimate · fiscal note version I · source

Sources

Fiscal note · version I · April 10, 2025

No first-year general revenue figure available here.

LBB published estimates · flow over the stated periods.

Source snapshot 2026-10-19, Central time.

How this was graded

Analysis of text version I by claude-opus-5-5, Oct 20, 2026, against the published rubric.

Sources

Texas House · Filed Mar 12, 2025

04/14/2025 H Withdrawn from schedule

Texas Legislature Online · Introduced

Data snapshot Oct 26, 2026 at 4:19 AM CDT. Grades, charges, quotes and corrections follow the published record.

House committee · State Affairs · Final status: Died in committee

Companion

SB 2268 by Schwertner (identical)

Subjects

State Finances--Management & Control

Utilities--Electric

PUBLIC UTILITY COMMISSION

Text

The text as introduced · 122 words

89R13928 CS-D

By: Hunter
H.B. No. 4632

A BILL TO BE ENTITLED

AN ACT

relating to disbursement of initial funds under the Texas Energy

Fund.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:

SECTION 1. Section 34.0104(l), Utilities Code, is amended

to read as follows:

(l) The commission may [ not ] disburse the initial funds for

a loan under this section after December 31, 2025 , if the commission

determines that market factors necessitate an extension of the

deadline for disbursement of initial funds. An applicant may

request disbursement of initial funds after December 31, 2025. The

commission shall approve or deny the request on a case-by-case

basis .

SECTION 2. This Act takes effect September 1, 2025.