Amends GS 143-341 regarding the duties of the Department of Administration (Department) in preparing and keeping a database of all buildings owned or leased by the State or State agency. Modifies the required information of each building to include (1) the current occupant of the building, or if the building is vacant, the current period of vacancy (was, the agency or agencies that occupy the building); and (2) the total potential liability to the State for the building and the land where the building is situated.

Amends GS 143-341.2 regarding the State facilities plan developed and implemented by the Department. Adds that the plan now include the occupancy status of existing State-owned facilities and identify potential facilities eligible for surplus disposal under state law. Moves the provisions directing the Department to establish a surplus real property disposal system to new GS 143-341.3 and expands the scope of the system to include limiting the duration that vacant property is retained by the State (was, limited to unneeded property). Specifies that the Department must adopt rules pursuant to the statute and establish a system for continuously identifying and disposing of surplus State-owned real property defined therein. Adds to the existing six factors to consider in establishing this system (1) whether the property has been vacant for one year of longer, and (2) as assessment of private or public interest in the property. Adds the following new provisions. Requires the Department to dispose of properties identified as surplus by sale, subject to GS Chapter 146 required approvals, and if the property has not been disposed of within six months, directs the Department to dispose of the property by auction or by transfer of title to a city or county in the State which produced satisfactory evidence of an economic development use for the property. Lists priority for the gross proceeds of any sale under the statute, with expenses incident to the sale receiving first priority and the proceeds remaining after those described for priority deposited equally between the General Fund and the Department of Administration to be used for repair and renovation projects.

Directs the Department to report to the specified NCGA committee and division within three months of the date the act becomes law with the vacant building data required under GS 143-341, as amended.

Effective July 1, 2025.