SB 2967

This bill establishes the Texas Advanced Nuclear and Innovative Energy Technologies Act, creating a new office within the Governor's office and a dedicated fund to support the development and deployment of advanced nuclear reactor projects in Texas. The legislation authorizes the office to provide financial assistance through two main programs: a Tier 1 program that reimburses qualifying expenses for early development and siting activities, and a Tier 2 program that reimburses construction costs for advanced nuclear reactor projects. The fund, which will receive money from gifts, grants, donations, and legislative appropriations, aims to accelerate the adoption of advanced nuclear technologies in the state while requiring the office to coordinate with the Public Utility Commission on planning for nuclear energy integration.