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 relevant to the nuclear and hydrogen industries. The fund will be created within the state treasury, with the state treasurer responsible for managing its assets, including investments and interest earnings. The bill outlines that the funds will not lapse to the general fund at the end of the fiscal year and will be administered by the relevant department, which will allocate the money specifically for grants to qualifying educational programs.

Additionally, the bill stipulates that its enactment is contingent upon the passage of several other related bills from the 103rd Legislature. These provisions ensure that the fund is adequately supported and that the educational initiatives align with broader legislative goals concerning the nuclear and hydrogen sectors.