(a) The Texas advanced nuclear development fund is created as a dedicated account in the general revenue fund. The fund consists of:
- (1) subject to Section 483.101(d), gifts, grants, or donations to the fund; and
- (2) money from any other source designated by the legislature.
(b) The office may use money in the fund:
- (1) to provide reimbursement-based grants to eligible businesses, nonprofit organizations, and governmental entities, including institutions of higher education, through the programs established in this subchapter; and
- (2) to pay for reasonable and necessary costs for staff support necessary to facilitate the work of the office.
Added by Acts 2025, 89th Leg., R.S., Ch. 1067 (H.B. 14), Sec. 1, eff. September 1, 2025.