This bill establishes a new section in chapter 15-11 of the North Dakota Century Code to create the State Information Technology Research Center, which will focus on innovative research in data science, software engineering, and advanced information technology. The center will operate as a collaborative virtual entity, selecting research topics, entering agreements with educational institutions and organizations, and developing advanced technology solutions. It will also report its activities annually to the legislative management's information technology committee. Additionally, a new chapter in title 54 is introduced, which outlines the formation of the Advanced Technology Review Committee, its membership, and its responsibilities in reviewing and approving grant applications for advanced technology projects.

The bill also includes the establishment of a Compute Credits Grant Program, administered by the information technology department, to provide grants for activities related to advanced technology development. The committee will prioritize applications that attract other technology businesses to North Dakota and will monitor the use of grant funds. Furthermore, the bill mandates a transfer of $5 million from the Strategic Investment and Improvements Fund to the Advanced Technology Grant Fund and appropriates $5 million for the Compute Credits Grant Program for the biennium beginning July 1, 2025.