This bill proposes the creation of a new section in chapter 54-17 of the North Dakota Century Code to establish a Research Technology Park Fund specifically for North Dakota State University. The fund will be a special fund in the state treasury, with all deposited moneys and interest appropriated on a continuing basis to the industrial commission for distribution to the research technology park. The park is intended to conduct innovative research and product development activities that focus on intelligent autonomous mobile equipment, benefiting the state's economy and environment. The bill outlines the park's responsibilities, including developing a biennial plan for fund usage, selecting research topics, and entering into agreements with other institutions and organizations.

Additionally, the bill mandates an annual report from the research technology park detailing its research activities and accomplishments to the industrial commission and legislative management. It also includes a provision for the transfer of $20,000,000 from the strategic investment and improvements fund to the research technology park fund during the biennium from July 1, 2025, to June 30, 2027. This funding is aimed at supporting the park's initiatives and enhancing the state's technological capabilities.