NJ S1316

Creates the 11-member New Jersey Fusion Technology Industry Commission within the Department of Treasury, operating independently of departmental supervision or control

Commission membership includes 6 public members with backgrounds in fusion energy, plasma physics, or fusion-related business, appointed by the Governor (2 directly, 4 upon legislative leader recommendations), plus ex officio members from higher education and economic development agencies

Public members serve staggered 5-year terms without compensation but with expense reimbursement; the commission appoints an executive director and staff with expertise in fusion technology and economic development

Commission responsibilities include developing fusion energy policies, funding advanced technology centers, awarding innovation partnership grants, establishing business incubation facilities, and stimulating academic-industrial collaboration at public and private higher education institutions

Requires annual reports to the Governor and Legislature with operating statements, financial information, and policy recommendations for expanding New Jersey's fusion technology industry