Texas Government Code 2305.037 – Innovative Energy Demonstration Program
(a) The energy office is the supervising state agency of the innovative energy demonstration program and shall distribute grant money under the program for demonstration projects that develop sustainable and innovative energy resources, including:
(1) a clean coal project, as defined by Section 5.001, Water Code;
(2) a gasification project for a coal and biomass mixture;
(3) photovoltaic, biomass, wind, and solar applications; and
(4) other appropriate low-emission, renewable, and sustainable energy applications.
(b) Contingent on the selection of a Texas site for the location of the coal-based integrated sequestration and hydrogen project to be built in partnership with the United States Department of Energy, commonly referred to as the FutureGen project, and to the extent that funds are appropriated for this purpose, the energy office shall distribute to the managing entity of the FutureGen project an amount equal to 50 percent of the total amount invested in the project by private industry sources. The managing entity of the FutureGen project shall provide records as considered necessary by the energy office to justify grants under this subsection. Cumulative distributions under this subsection may not exceed $20 million.
Terms Used In Texas Government Code 2305.037
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
(c) The energy office may require a grant recipient under the program to match a grant in a ratio determined by the energy office.