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A BILL TO BE ENTITLED
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AN ACT
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relating to funding mechanisms to support the siting, development, |
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construction, and deployment of advanced nuclear and innovative |
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energy technologies in this state. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subtitle F, Title 4, Government Code, is amended |
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by adding Chapter 483 to read as follows: |
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CHAPTER 483. Texas Advanced Nuclear and Innovative Energy |
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Technologies Act |
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SUBCHAPTER A. GENERAL PROVISIONS |
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Sec. 483.001. DEFININTIONS. In this chapter: |
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(1) "Advanced nuclear reactor" means a range of proven |
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and innovative nuclear reactor technologies. |
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(2) "Advanced nuclear reactor fuel" means fuel for use |
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in an advanced nuclear reactor or a research and test reactor. |
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(3) "Commission" means the Public Utility Commission |
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of Texas. |
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(4) "Office" means the Texas Advanced Nuclear and |
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Innovative Energy Technologies Office. |
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SUBCHAPTER B. TEXAS ADVANCED NUCLEAR AND INNOVATIVE ENERGY |
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TECHNOLOGIES OFFICE |
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Sec. 483.101. (a) The Texas Advanced Nuclear and |
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Innovative Energy Technologies Office is an office within the |
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office of the Governor. |
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(b) The purpose of the office is to support the development |
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and deployment of advanced nuclear and innovative energy |
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technologies in this state. |
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SUBCHAPTER C. TEXAS ADVANCED NUCLEAR AND INNOVATIVE ENERGY |
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TECHNOLOGIES FUND |
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Sec. 483.201. (a) The Texas Advanced Nuclear and |
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Innovative Energy Technologies Fund is created as a dedicated |
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account within the general revenue fund administered by the office |
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and used for the purposes authorized by this chapter. The fund |
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consists of: |
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(1) gifts, grants, or donations to the fund; and |
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(2) money from any other source designated by the |
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legislature. |
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(b) The office shall provide the commission with |
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information regarding grant recipients and funded projects. The |
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commission shall plan for the use of advanced nuclear reactors in |
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this state. |
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Sec. 483.202. TIER 1 PROJECT DEVELOPMENT PROGRAM. (a) |
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Using money in the fund established in section 483.201, the office |
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may reimburse qualifying expenses associated with the early |
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development and siting activities of an advanced nuclear project in |
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this state. |
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Sec. 483.203. TIER 2 PROJECT CONSTRUCTION PROGRAM. (a) |
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Using money in the fund established in section 483.201, the office |
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may reimburse qualifying expenses associated with the construction |
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of an advanced nuclear reactor project in this state |
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SECTION 2. This Act takes effect September 1, 2025. |