The bill establishes the Texas Quantum Initiative, which aims to position Texas as a national leader in the quantum industry and to accelerate the integration of quantum technologies into the state's economy. It introduces a new subchapter in the Government Code, detailing the initiative's purpose, which includes leveraging expertise from regulatory stakeholders and institutions of higher education, identifying obstacles to quantum economic opportunities, and supporting workforce training related to quantum technology. 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 design and manufacturing sectors.

Additionally, the bill creates the Quantum University and Business Innovation for Texas Fund, which will support quantum manufacturing and design projects through matching funding and grants. The executive committee is tasked with developing a comprehensive strategic plan for promoting the quantum economy, submitting biennial reports to the governor and Legislative Budget Board, and ensuring the initiative's ongoing leadership in quantum technologies. The act is set to take effect on September 1, 2025.

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