The bill proposes the establishment of the Texas Advanced Nuclear Energy Authority, aimed at enhancing and expanding the nuclear industry within Texas. It introduces a new subchapter in the Government Code, which outlines the authority's purpose, including leveraging expertise from higher education institutions and industry stakeholders to develop a strategic plan for advanced nuclear energy. The authority will also identify obstacles to nuclear energy development, provide recommendations to state leaders, and manage projects aimed at integrating advanced nuclear technology into the state's economy by 2035. Additionally, the bill creates the Texas Advanced Nuclear Innovation Fund to support research and development projects related to advanced nuclear energy.

Furthermore, the bill mandates the appointment of a nuclear permitting officer by the executive committee of the authority, who will serve as a point of contact for stakeholders during the permitting process and assist businesses in navigating regulatory requirements. The executive committee is tasked with developing a comprehensive strategic plan, soliciting stakeholder recommendations, and preparing biennial reports on the authority's activities and funding opportunities. The bill is set to take effect on September 1, 2025.

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