Instructing the enrolling clerk of the senate to make a correction in S.B. No. 2268.

89(R) SCR 54 - Enrolled version - Bill Text

S.C.R. No. 54

SENATE CONCURRENT RESOLUTION

WHEREAS, Senate Bill No. 2268 has been adopted by the senate

and the house of representatives and is being prepared for

enrollment; and

WHEREAS, The bill contains a technical error that should be

corrected; now, therefore, be it

RESOLVED by the 89th Legislature of the State of Texas, That

the enrolling clerk of the senate be instructed to make the

following correction to the enrolled version of Senate Bill

No. 2268:

In SECTION 2 of the bill, strike added Section 34.0104(b-1),

Utilities Code (page 1, lines 14 through 21), and added Section

34.0104(b-2), Utilities Code, as added by Floor Amendment No. 1 by

Hunter, and substitute the following:

(b-1) Notwithstanding Subsection (b)(3):

(1)

a construction loan provided to a municipally

owned utility, or an instrumentality of a municipal corporation

established for the benefit of a municipally owned utility, may be

in the form of a public security, as defined by Section 1201.002,

Government Code, issued by the loan applicant if the public

security is payable on a parity basis with other debt of the loan

applicant secured by a senior lien on net revenues of the facility

or the loan applicant's utility system; and

(2)

a construction loan provided to an electric

cooperative may be secured by a senior lien on substantially all

electric system assets of the electric cooperative, including the

facility for which the loan is provided, payable on a parity basis

with other debt of the loan applicant secured by a senior lien.

______________________________

______________________________

President of the Senate

Speaker of the House

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______________________________

President of the Senate

Speaker of the House

I hereby certify that S.C.R. No. 54 was adopted by the Senate

on May 30, 2025, by the following vote: Yeas 31, Nays 0.

______________________________

Secretary of the Senate

I hereby certify that S.C.R. No. 54 was adopted by the House

on June 1, 2025, by the following vote: Yeas 127, Nays 5,

one present not voting.

______________________________

Chief Clerk of the House

Received:

______________________________

Date

______________________________

Secretary of State