The bill mandates a study on advanced nuclear reactors in Minnesota, specifically focusing on small modular reactors and molten sodium reactors. The commissioner of commerce is tasked with evaluating the potential costs, benefits, and impacts of these reactors, including their effects on air emissions, electricity prices, grid reliability, environmental resources, public health, employment opportunities, and local economic development. Additionally, the study will identify any necessary modifications to existing Minnesota statutes and administrative rules to facilitate the construction and operation of these advanced nuclear technologies.

To support this initiative, the bill appropriates $100,000 from the general fund for fiscal year 2024 to fund the study and report development. The commissioner is required to submit the findings to the relevant legislative committees by January 31, 2024.