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 account in the state treasury, with all deposited moneys and accrued interest appropriated on a continuing basis to the industrial commission for distribution to the research technology park. The park is intended to facilitate exploratory and innovative research, particularly in the areas of intelligent autonomous mobile equipment, advanced robotics, and artificial intelligence, with a focus on benefiting the state's economy and environment.

Additionally, the bill outlines the responsibilities of the research technology park, including the development of a biennial plan for fund usage, which must be approved by the industrial commission. The park will have the authority to select research topics, enter into contracts with other educational institutions and organizations, and accept various forms of funding. Furthermore, it mandates annual reporting of research activities and accomplishments to the industrial commission and legislative management, with provisions for additional reporting to appropriations committees upon request. To support this initiative, the bill also includes a provision for transferring $15 million from the strategic investment and improvements fund to the research technology park fund during the 2025-2027 biennium.