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  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.