89R19861 TYPED
By: Schwertner S.B. No. 2967
A BILL TO BE ENTITLED
AN ACT
relating to funding mechanisms to support the siting, development,
construction, and deployment of advanced nuclear and innovative
energy technologies in this state.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Subtitle F, Title 4, Government Code, is amended
by adding Chapter 483 to read as follows:
CHAPTER 483. Texas Advanced Nuclear and Innovative Energy
Technologies Act
SUBCHAPTER A. GENERAL PROVISIONS
Sec. 483.001. DEFININTIONS. In this chapter:
(1) "Advanced nuclear reactor" means a range of proven
and innovative nuclear reactor technologies.
(2) "Advanced nuclear reactor fuel" means fuel for use
in an advanced nuclear reactor or a research and test reactor.
(3) "Commission" means the Public Utility Commission
of Texas.
(4) "Office" means the Texas Advanced Nuclear and
Innovative Energy Technologies Office.
SUBCHAPTER B. TEXAS ADVANCED NUCLEAR AND INNOVATIVE ENERGY
TECHNOLOGIES OFFICE
Sec. 483.101. (a) The Texas Advanced Nuclear and
Innovative Energy Technologies Office is an office within the
office of the Governor.
(b) The purpose of the office is to support the development
and deployment of advanced nuclear and innovative energy
technologies in this state.
SUBCHAPTER C. TEXAS ADVANCED NUCLEAR AND INNOVATIVE ENERGY
TECHNOLOGIES FUND
Sec. 483.201. (a) The Texas Advanced Nuclear and
Innovative Energy Technologies Fund is created as a dedicated
account within the general revenue fund administered by the office
and used for the purposes authorized by this chapter. The fund
consists of:
(1) gifts, grants, or donations to the fund; and
(2) money from any other source designated by the
legislature.
(b) The office shall provide the commission with
information regarding grant recipients and funded projects. The
commission shall plan for the use of advanced nuclear reactors in
this state.
Sec. 483.202. TIER 1 PROJECT DEVELOPMENT PROGRAM. (a)
Using money in the fund established in section 483.201, the office
may reimburse qualifying expenses associated with the early
development and siting activities of an advanced nuclear project in
this state.
Sec. 483.203. TIER 2 PROJECT CONSTRUCTION PROGRAM. (a)
Using money in the fund established in section 483.201, the office
may reimburse qualifying expenses associated with the construction
of an advanced nuclear reactor project in this state
SECTION 2. This Act takes effect September 1, 2025.