State institutions of higher learning; create grant program to assist with endowments to recruit and employ certain professors.

HB 384 creates a grant program administered by the Mississippi Development Authority (MDA) to help public universities establish endowments for hiring professors specializing in quantum computing and artificial intelligence engineering. State institutions of higher learning must apply to the MDA, detailing their endowment plans, matching funds, and requested grant amounts. The bill establishes a dedicated "State Institutions of Higher Learning Quantum Computing and Artificial Intelligence Engineering Professors Fund" in the state treasury, with unspent funds rolling over annually. Grants are disbursed at the MDA's discretion after legislative appropriation, focusing solely on recruiting and employing professors in these two specific fields.