The bill establishes the Texas Advanced Nuclear Energy Office, which will promote the development of the advanced nuclear energy industry in Texas by introducing Chapter 483 to the Government Code. This chapter defines key terms related to advanced nuclear reactors and outlines the office's responsibilities, including providing strategic leadership, collaborating with stakeholders, and enhancing energy security. The office will identify barriers to financial viability and regulatory complexities, and it is authorized to solicit grants and form advisory committees. Additionally, the office is required to conduct a feasibility study on regulatory functions related to nuclear energy generation facilities, with a report due by December 1, 2026.

Furthermore, the bill creates the Texas Advanced Nuclear Development Fund to provide reimbursement-based grants for advanced nuclear reactor projects and associated technologies. The fund will be sourced from donations and other designated sources, with the office administering grant programs that reimburse up to 50% of qualifying expenses for technology development, feasibility studies, and construction activities. The legislation also establishes an Advanced Nuclear Energy Workforce Development Program to address labor shortages in the sector, focusing on educational programs and curricula. The bill includes provisions for a completion grant program and mandates that all submitted information remains confidential. The implementation of these changes is contingent upon legislative appropriations, with the bill set to take effect on September 1, 2025.

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