The proposed bill establishes the "nuclear and hydrogen education grant program fund" aimed at supporting postsecondary educational institutions in Michigan that develop or enhance programs leading to degrees or credentials in the nuclear and hydrogen industries. The fund will be created within the state treasury, where the state treasurer will manage the deposits and investments, ensuring that the funds do not lapse at the end of the fiscal year. The Department will oversee the fund and is responsible for allocating grants to qualifying educational programs as defined in the nuclear and hydrogen education grant program act.

Additionally, the bill stipulates that the implementation of this act is contingent upon the enactment of several related bills from the 103rd Legislature. These include House Bill Nos. 4124, 4127, 4129, 4125, and 4128, which are necessary for the full execution of the grant program. The bill emphasizes the importance of collaboration among these legislative measures to effectively support the growth of educational initiatives in the nuclear and hydrogen sectors.