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Senate committee backs creation of Texas Advanced Nuclear Energy Office, $350 million fund
Summary
The Senate Committee on Business & Commerce on Thursday adopted a committee substitute to House Bill 14 that would create the Texas Advanced Nuclear Energy Office in the governor’s office and establish the Texas Advanced Nuclear Development Fund with a $350 million appropriation for the current biennium.
The Senate Committee on Business & Commerce on Thursday adopted a committee substitute to House Bill 14 that would create the Texas Advanced Nuclear Energy Office in the governor’s office and establish the Texas Advanced Nuclear Development Fund with a $350 million appropriation for the current biennium.
The bill matters because it directs state grant support toward nuclear generation and supply-chain projects and sets limits and oversight for how that money could be awarded. Committee members debated the structure of the grants, whether the money is loans or reimbursements, and who would approve awards.
Senator Schwartner explained the substitute during the committee’s consideration, saying the measure “creates the Texas Advanced Nuclear Energy…
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