Provides for allocation of $300 million from available balances collected from societal benefits charge and Global Warming Solutions Fund revenues for grants for construction of small modular nuclear reactors.

This bill directs New Jersey state agencies to allocate $300 million from existing funds collected through the societal benefits charge and the Global Warming Solutions Fund to provide grants for building small modular nuclear reactors in the state. The legislation defines small modular reactors as nuclear power plants with a capacity of 300 megawatts or less that can operate alone or in groups and are licensed by the federal nuclear regulatory commission. The funding is intended to support construction projects starting in fiscal year 2026 and the program will expire on June 30, 2027.