Contains whereas clauses setting forth reasons why the act will create a pilot project demonstrating how publicly owned property and one-time public capital funding can be leveraged to result in a quality childcare facility.

Directs the Legislative Services Office (LSO) working collaboratively with the State Construction Office (SCO) and the Department of Administration (DOA), to develop the described comprehensive process for implementing a demonstration pilot project to select a third-party childcare operator as the public-private partner (P3) for the project by October 15, 2025. Instructs the LSO to invite a UNC constituent in the same county as the demonstration project to participate as a partner by either providing a site for the facility or a portion of the funding, or some combination thereof. Requires the LSO and SCO to select a site from available State- or University-owned lands suitable for the construction of a shell building and shall issue a request for information and a request for proposal regarding the execution of a ground lease with a third party with evidence supporting the ability to operate a childcare facility that can meet the five criteria set forth in the act. Limits the ground lease to $500 per month, with a preferred initial term of at least ten years. Provides for lease renewals, site plans, and allocation of costs for building and site maintenance, uplift of the building, utilities, and other operating costs.

Effective July 1, 2025, appropriates $5 million from the General Fund to the LSO for 2025-26 to be used for the childcare pilot program. Specifies that the funds do not revert until July 1, 2027.