Enacts new GS 143C-8-13 creating the Capital Improvement Planning Fund (Fund) as a nonreverting special fund in the Department of Administration. Provides that it is the intent of the General Assembly to fund the planning of state agency capital improvement projects exclusively through the Fund. 

Sets out the procedures for such planning including that the funds in the Fund are only available for expenditure upon appropriation by the General Assembly and then can only be used for the planning of state capital improvement projects. Sets out procedures for the allocation of funds, including implementing a competitive process for awarding the funds under which nine specified conditions must be satisfied, including that the project has already been included in budget requests made to the Director of the Budget and that the amount of planning funds allocated for the project does not exceed 4% of the estimated total cost to complete the project. 

Provides that an allocation of funds for planning of a project cannot be understood to authorize the completion of any phase of a project beyond the planning phase. Requires the Department of Administration, if possible, to time the allocation of funds so that state agencies and the General Assembly can provide for the timely commencement and completion of post-planning stages of a project if the General Assembly decides to authorize completion of any project past the planning stage.

Amends GS 143C-3-3 concerning information required to be submitted to the Director of the Budget, providing that state agencies must submit an estimate of the maintenance and operating costs for the project for the first five and ten years of operation (was, first five years only).

Amends GS 120-136, expanding the powers and duties of the Joint Legislative Oversight Committee on General Government to include (1) examining capital improvements requested by or authorized for and undertaken by state agencies, (2) having oversight over the implementation of a six-year capital improvements plan developed as specified, (3) making recommendations to the General Assembly regarding ways to improve all the processes for planning through the maintenance of state capital improvements, and (4) making reports and recommendations to the General Assembly about which requested projects should be authorized and how they should be funded. Makes clarifying changes. 

Repeals GS 120-76(9) concerning the authority of the Joint Legislative Commission on Governmental Operations to examine capital improvements requested by or authorized for and undertaken by state agencies.

Directs the Department of Administration to report, no later than August 1, 2015, to the Joint Legislative Commission on Governmental Operations in regards to the process it will implement to make allocation decisions for the Fund and specifically include information about how they will ensure the process is competitive. 

Effective July 1, 2015.