Assembly Bill 132 proposes the establishment of a Wisconsin Nuclear Power Summit Board tasked with organizing, promoting, and hosting a nuclear power summit in Madison. The summit aims to advance nuclear power and fusion energy technology while showcasing Wisconsin's leadership in the nuclear industry. The board will consist of both voting and nonvoting members, including state legislators and representatives from relevant organizations and educational institutions. The bill mandates that the summit be held no later than one month after the commencement of instruction at the new college of engineering building at the University of Wisconsin-Madison, ensuring participants have access to the facility.

Additionally, the bill creates an appropriation for the Wisconsin Economic Development Corporation (WEDC) to support the board's activities, allowing WEDC to expend funds at the board's direction. The board is exempt from certain state requirements regarding public notice and competitive bidding. The bill also includes provisions for the board's meetings and records to be open to public inspection, and it stipulates that the board will dissolve 180 days after the summit's completion, with any remaining assets being transferred to the University of Wisconsin-Madison's nuclear engineering program. The repeal of the relevant statutes is set to take effect on July 1, 2030.