This bill proposes the establishment of a state information technology research center and an advanced technology review committee in North Dakota. The research center is tasked with conducting innovative research to advance data science, software engineering, and information technology within the state. It will operate as a collaborative virtual center, selecting research topics, entering contracts with various organizations, and developing advanced technology solutions. The center is also responsible for reporting its activities annually to the legislative management's information technology committee.

Additionally, the bill creates a compute credits grant program and an advanced technology grant fund. The advanced technology review committee will consist of members from the information technology department, the North Dakota university system, and private sector experts appointed by state leaders. This committee will review and approve grant applications from entrepreneurs and small businesses focused on advanced technology development. The compute credits grant program aims to provide financial support for activities that promote advanced technology solutions, with strict guidelines on the use of funds. The advanced technology grant fund will be managed by the department and used for grants and administrative expenses related to the program.