Establishes program in EDA to support construction of new nuclear energy facilities in State.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill establishes a program within the Economic Development Authority (EDA) to support the construction of new nuclear energy facilities in New Jersey. It aims to provide financial assistance and streamline permitting processes for these projects. The program will utilize a dedicated ‘New Jersey Nuclear Energy Incentive Fund’ to finance construction and operation. The legislation also outlines a 10-year program for nuclear energy development, including partnerships with federal agencies and incentives for private investment.
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