This bill proposes the establishment of a State Information Technology Research Center and an Advanced Technology Review Committee in North Dakota, aimed at fostering innovation in data science, software engineering, and advanced information technology. The new section to chapter 15-11 outlines the center's responsibilities, including conducting research, collaborating with educational institutions and organizations, and reporting on its activities annually. The center will also have the authority to accept donations and grants to support its initiatives, which will be deposited into an advanced technology grant fund.

Additionally, a new chapter to title 54 introduces definitions and outlines the structure and functions of the Advanced Technology Review Committee, which will consist of members from both the public and private sectors. The committee will oversee a Compute Credits Grant Program, providing financial support for advanced technology projects that cannot secure funding through traditional means. The bill emphasizes the importance of promoting advanced technology solutions and includes provisions for monitoring the outcomes of funded projects to ensure they contribute positively to the state's technological landscape.