LEGISLATIVE BUDGET BOARD Austin, Texas FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION April 7, 2025 TO: Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB2967 by Schwertner (Relating to funding mechanisms to support the siting, development, construction, and deployment of advanced nuclear and innovative energy technologies in this state.), As Introduced Estimated Two-year Net Impact to General Revenue Related Funds for SB2967, As Introduced: a negative impact of ($2,083,397) through the biennium ending August 31, 2027. There would be an indeterminate cost related to the grant program authorized by the bill which would be dependent on the number of grant applications and appropriations made for this purpose. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill. General Revenue-Related Funds, Five- Year Impact: Fiscal Year Probable Net Positive/(Negative) Impact toGeneral Revenue Related Funds2026($1,051,263)2027($1,032,134)2028($1,051,263)2029($1,032,134)2030($1,051,263)All Funds, Five-Year Impact: Fiscal Year Probable Savings/(Cost) fromGeneral Revenue Fund1 Change in Number of State Employees from FY 20252026($1,051,263)5.52027($1,032,134)5.52028($1,051,263)5.52029($1,032,134)5.52030($1,051,263)5.5 Fiscal AnalysisThe bill would amend the Government Code to establish the Texas Advanced Nuclear and Innovative Energy Technologies Office within the Office of the Governor (OOG). The bill would also create the Texas Advanced Nuclear and Innovative Energy Technologies Fund (fund) as a dedicated account in the General Revenue Fund, administered by the OOG. The fund would consist of gifts, grants, or donations, and money from any other source designated by the legislature. The bill would also establish two grant programs where an applicant may qualify for reimbursements through the fund. Note: This legislation would do one or more of the following: create or recreate a dedicated account in the General Revenue Fund, create or recreate a special or trust fund either in, with, or outside the Treasury, or create a dedicated revenue source. The fund, account, or revenue dedication included in this bill would be subject to funds consolidation review by the current Legislature.
LEGISLATIVE BUDGET BOARD
Austin, Texas
FISCAL NOTE, 89TH LEGISLATIVE REGULAR SESSION
April 7, 2025
TO: Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce FROM: Jerry McGinty, Director, Legislative Budget Board IN RE: SB2967 by Schwertner (Relating to funding mechanisms to support the siting, development, construction, and deployment of advanced nuclear and innovative energy technologies in this state.), As Introduced
TO: Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce
FROM: Jerry McGinty, Director, Legislative Budget Board
IN RE: SB2967 by Schwertner (Relating to funding mechanisms to support the siting, development, construction, and deployment of advanced nuclear and innovative energy technologies in this state.), As Introduced
Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce
Honorable Charles Schwertner, Chair, Senate Committee on Business & Commerce
Jerry McGinty, Director, Legislative Budget Board
Jerry McGinty, Director, Legislative Budget Board
SB2967 by Schwertner (Relating to funding mechanisms to support the siting, development, construction, and deployment of advanced nuclear and innovative energy technologies in this state.), As Introduced
SB2967 by Schwertner (Relating to funding mechanisms to support the siting, development, construction, and deployment of advanced nuclear and innovative energy technologies in this state.), As Introduced
Estimated Two-year Net Impact to General Revenue Related Funds for SB2967, As Introduced: a negative impact of ($2,083,397) through the biennium ending August 31, 2027. There would be an indeterminate cost related to the grant program authorized by the bill which would be dependent on the number of grant applications and appropriations made for this purpose. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
Estimated Two-year Net Impact to General Revenue Related Funds for SB2967, As Introduced: a negative impact of ($2,083,397) through the biennium ending August 31, 2027. There would be an indeterminate cost related to the grant program authorized by the bill which would be dependent on the number of grant applications and appropriations made for this purpose. The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
The bill would make no appropriation but could provide the legal basis for an appropriation of funds to implement the provisions of the bill.
General Revenue-Related Funds, Five- Year Impact:
2026 ($1,051,263)
2027 ($1,032,134)
2028 ($1,051,263)
2029 ($1,032,134)
2030 ($1,051,263)
All Funds, Five-Year Impact:
2026 ($1,051,263) 5.5
2027 ($1,032,134) 5.5
2028 ($1,051,263) 5.5
2029 ($1,032,134) 5.5
2030 ($1,051,263) 5.5
Fiscal Analysis
The bill would amend the Government Code to establish the Texas Advanced Nuclear and Innovative Energy Technologies Office within the Office of the Governor (OOG). The bill would also create the Texas Advanced Nuclear and Innovative Energy Technologies Fund (fund) as a dedicated account in the General Revenue Fund, administered by the OOG. The fund would consist of gifts, grants, or donations, and money from any other source designated by the legislature. The bill would also establish two grant programs where an applicant may qualify for reimbursements through the fund. Note: This legislation would do one or more of the following: create or recreate a dedicated account in the General Revenue Fund, create or recreate a special or trust fund either in, with, or outside the Treasury, or create a dedicated revenue source. The fund, account, or revenue dedication included in this bill would be subject to funds consolidation review by the current Legislature.
Methodology
It is anticipated the OOG would need an additional 5.5 FTEs to support the Texas Advanced Nuclear and Innovative Energy Technologies Office. The following positions would be needed: 1 Director VI, 0.5 Compliance Analyst IV, 1 Financial Analyst IV, 1 Research Specialist IV, 1 Grant Specialist III, 1 General Counsel III. The total estimate for FTE-related costs, including travel and other operating costs, is anticipated to be $2,083,397 for the 2026-27 biennium.There would be an additional indeterminate cost related to the grant program which would be dependent on the number of grant applications and appropriations made for this purpose.
Technology
No technology impact is anticipated.
Local Government Impact
No significant fiscal implication to units of local government is anticipated.
Source Agencies: b > td > 300 Trusteed Programs Within the Office of the Governor, 304 Comptroller of Public Accounts, 473 Public Utility Commission of Texas
300 Trusteed Programs Within the Office of the Governor, 304 Comptroller of Public Accounts, 473 Public Utility Commission of Texas
LBB Staff: b > td > JMc, RStu, LCO, KCu
JMc, RStu, LCO, KCu