The bill establishes a new section in the North Dakota Century Code to create a research technology park grant program administered by the industrial commission. This program is designed to provide funding to the research technology park at North Dakota State University, which will focus on exploratory and innovative research related to intelligent autonomous mobile equipment. The park aims to enhance the state's economy and environment through various activities, including the development of autonomous agriculture technologies, access to advanced robotics and artificial intelligence, and educational outreach on advanced technology resources. The research technology park is required to develop a biennial plan for fund usage, which must be approved by the industrial commission.

Additionally, the bill appropriates $10 million from the strategic investment and improvements fund for the grant program, with specific conditions on fund distribution. Of this amount, $5 million will be granted without a matching requirement, while the remaining $5 million will be contingent upon the research technology park providing matching funds from nonstate sources. The research technology park is also mandated to report annually on its activities and accomplishments to the industrial commission and the legislative management, with further reporting to appropriations committees upon request.