The proposed legislation establishes a State of Wisconsin Nuclear Power Summit Board tasked with organizing, promoting, and hosting a nuclear power summit in Madison. This 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 senators, assembly representatives, and representatives from relevant organizations and educational institutions. The summit must occur no later than one month after the new college of engineering building at the University of Wisconsin-Madison opens, 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 legislation also includes provisions for the board's meetings to be open to the public and mandates that the board disband within 180 days after the summit's completion, with any remaining assets being transferred to the University of Wisconsin-Madison's nuclear engineering program. The bill repeals existing statutes related to the board and its appropriations, with the repeal taking effect on July 1, 2030.