Relating to the provision of grants from the Texas energy fund for certain energy efficiency projects.

HB 5623 authorizes the Texas Energy Commission to use existing Texas Energy Fund money to provide loans or grants for specific energy efficiency projects benefiting retail electric customers. It covers residential weatherization, demand reduction, and energy loss prevention initiatives. Eligible recipients include residential customers and nonprofit organizations, with the Commission required to establish eligibility rules. The bill does not apply existing debt covenant requirements (from Section 35.005(d)) to these grants.