The bill establishes the Texas Quantum Initiative, aimed at positioning Texas as a national leader in the quantum industry and facilitating the integration of quantum technologies into the state's economy. It introduces a new subchapter in the Government Code, which outlines the initiative's definitions, purposes, and administrative structure. The initiative will leverage expertise from regulatory stakeholders, institutions of higher education, and industry to develop a strategic plan for quantum technology, identify obstacles, and provide recommendations to state leadership. The initiative will also focus on workforce training, support existing industries, attract new projects, and develop a quantum manufacturing supply chain.

The initiative 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 from the quantum sector. The committee will be responsible for hiring an executive director, developing a strategic plan, and submitting biennial reports on the initiative's activities and funding opportunities. Additionally, the bill creates the Quantum University and Business Innovation for Texas Fund, which will provide matching funds and grants to support quantum manufacturing and design projects. The act is set to take effect on September 1, 2025.

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