The proposed bill would amend current statutes by appropriating $100,000 from the state General Fund for Fiscal Year 2027 to the Arizona Commerce Authority (ACA) to conduct a study on the economic benefits of small modular reactors and data centers. This study would include an analysis of job creation, average salaries, state and local tax revenue generated, potential support for local broadband and infrastructure improvements, and the impact on secondary and tertiary businesses that may relocate to areas with these facilities.
Additionally, the bill mandates that the ACA submit a report of its findings by June 30, 2027, to various state officials and make the report available on its website. The new provisions aim to provide a comprehensive understanding of the economic implications of small modular reactors and data centers, which would be a significant addition to the ACA's existing responsibilities.