2024 House Bill 5607

Energy: nuclear; grant for certain graduates working in a nuclear or hydrogen energy facility; provide for.

A bill to create a nuclear and hydrogen graduate attraction and retention program to award grants to certain graduates of a postsecondary school who are employed in this state at a qualified electric generation facility after graduation; to provide for the powers and duties of certain state governmental officers and entities; to prohibit the submission of false information and prescribe penalties; to provide remedies; to create certain funds; to provide for the distribution of money from certain funds; and to allow the promulgation of rules.

AI Analysis – Experimental

HB 5606 amends the 1939 PA 3 to include advanced nuclear reactor technologies and updates several definitions related to utilities and energy services, contingent upon the passage of additional related bills.

HB 5607 creates a program to provide grants to graduates employed at nuclear or hydrogen electric generation facilities, funded by a newly established state treasury fund, with specific application timelines and annual reporting requirements.

HB 5608 creates the "nuclear and hydrogen education grant program act," granting financial incentives for post-secondary graduates to obtain accreditation and work in the nuclear and hydrogen energy industries.

HB 5609 establishes a fund to support grants for postsecondary schools in Michigan to develop or expand programs related to the nuclear and hydrogen industries, with the fund managed by the state treasury and overseen by the Department of Energy, Communications, and Technology.