The bill proposes a legislative management study focused on the feasibility of developing geothermal energy in North Dakota during the 2025-26 interim. The study will evaluate several key areas, including the state's geological potential for geothermal resource exploration and production, support for startup geothermal companies, the application of geothermal energy to enhance the productivity of nonproductive oil and gas wells, and other opportunities to advance geothermal energy initiatives within the state.

At the conclusion of the study, the legislative management is required to report its findings and recommendations to the seventieth legislative assembly, including any necessary legislation to implement those recommendations. This initiative aims to foster innovation and promote economic growth in North Dakota's energy sector by exploring the potential of geothermal energy.