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 includes provisions for funding through an appropriation to the Wisconsin Economic Development Corporation (WEDC), which will support the board's activities. The board is exempt from certain state requirements regarding public notice and competitive bidding, allowing for more streamlined operations. The legislation also outlines 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. Notably, the bill repeals existing statutes related to the nuclear power summit board, indicating a significant restructuring of how nuclear power initiatives are managed in the state.