AN ACT TO ESTABLISH THE TECHNOLOGY INNOVATION FUND; TO PROVIDE THE OBJECTIVES OF THE FUND; TO DESCRIBE ELIGIBILITY FOR APPLYING FOR AND RECEIVING FUNDING; TO PROVIDE FOR ALLOCATION OF FUNDS; TO REQUIRE RECIPIENTS OF FUNDS TO PERIODICALLY MAKE REPORTS OF CERTAIN INFORMATION TO THE CHIEF INFORMATION OFFICER; TO REQUIRE THE CHIEF INFORMATION OFFICER TO SUBMIT AN ANNUAL REPORT TO THE GOVERNOR AND THE LEGISLATURE DETAILING USE OF THE FUND; TO STIPULATE THAT THE FUND SHALL INITIALLY BE CAPITALIZED WITH AN APPROPRIATION; TO PROVIDE FURTHER SOURCES OF INCOME FOR THE FUND; TO GRANT THE CHIEF INFORMATION OFFICER OF THE MISSISSIPPI DEPARTMENT OF INFORMATION TECHNOLOGY SERVICES AUTHORITY TO PROMULGATE ANY RULES AND REGULATIONS NECESSARY FOR THE IMPLEMENTATION AND ADMINISTRATION OF THIS ACT; AND FOR RELATED PURPOSES.