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 managing projects to integrate clean nuclear power into the state's energy grid by 2035. The authority will be governed by an executive committee composed of members appointed by the governor, lieutenant governor, and speaker of the house, with a focus on individuals experienced in advanced nuclear energy.

Additionally, the bill creates a Texas Advanced Nuclear Innovation Fund to support research and development in advanced nuclear technologies. It mandates the appointment of a nuclear permitting officer to facilitate the permitting process for nuclear energy projects, ensuring stakeholders have a single point of contact for assistance. The executive committee is tasked with developing a strategic plan, soliciting funding opportunities, and submitting biennial reports to the governor and Legislative Budget Board. The act is set to take effect on September 1, 2025.

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