The bill establishes 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 and industry to develop a strategic plan for advanced nuclear energy, identifying obstacles, and providing recommendations to state leadership. The authority will also manage projects to integrate clean nuclear power into the state's energy grid by 2035 and support the development of a nuclear energy supply chain.

Additionally, the bill creates a Texas nuclear permitting officer, appointed by the authority's executive committee, to streamline the permitting process for nuclear energy projects. This officer will serve as a point of contact for stakeholders, assist in navigating regulatory requirements, and share information on economic incentives for nuclear energy. The bill also establishes the Texas Advanced Nuclear Innovation Fund to support research and development projects, with funding sourced from donations and other designated revenues. The act is set to take effect on September 1, 2025.

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