Bill > HB697

This bill establishes the Nuclear Energy Supply Chain Investment Fund within the State Treasury to promote nuclear development and manufacturing in Mississippi, with funds to be used for grants to support companies involved in nuclear power, workforce training programs, and site development. The Mississippi Development Authority (MDA), a state agency responsible for economic development, will administer this fund and create a grant program for projects that manufacture nuclear components, design or build small modular and advanced reactors, research nuclear fission and fusion, handle nuclear materials, or otherwise enhance the state's nuclear industry. When reviewing grant applications, the MDA will consider factors like the company's contribution to the nuclear ecosystem, job creation, capital investment, and average employee wages. Grants will be awarded as reimbursements for eligible expenses such as property improvements and construction, and the MDA will also collaborate with companies and the Department of Revenue to ensure they receive all applicable tax credits and exemptions. The MDA is empowered to create necessary rules and regulations for the program and must submit an annual report on grants awarded. This act will become effective on July 1, 2026.

Agriculture and Natural Resources

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB0697.xml