Section 1

Enacts new GS 143-64.17N, Energy conservation savings nonreversion, as follows.  Requires that the General Fund current operations appropriations credit balance remaining at the end of each fiscal year for utilities of a State governmental unit (to the extent that credit balance represents energy savings realized from implementing an energy conservation measure) must be carried forward by the unit to the end of the next fiscal year and is appropriated for energy conservation measures by the unit. Does not extend the energy saving carryover to the UNC Board of Governors and its constituent institutions. Specifies that the use of funds carried over is limited to one-time capital and operating expenditures that will not impose additional financial obligations on the State. Directs the Director of the Budget (Director) to establish the credit balance remaining in the budget code of each unit. Prohibits the Director from reducing the continuation budget for utilities for State governmental units carrying forward a credit balance under GS 143-64.17N by the amount of certain energy savings. Provides for annual reports by State governmental units on the use of funds under GS 143-64.17N. Applies to fiscal years ending on or after June 30, 2024.

Section 2

Amends GS 143-64.12, which establishes duties of the State Energy Office of the Department of Environmental Quality (DEQ) regarding comprehensive management of utility use by State agencies and State institutions of higher learning. Requires State agencies to biennially submit the management plan required under the statute, regarding utility consumption and costs, with the same required content as those required of State institutions of higher learning. Applies to fiscal years ending on or after June 30, 2024.

Section 3 

Appropriates $100,000 in recurring funds for the 2023-24 fiscal year from the General Fund to DEQ for the State Energy Office to provide support to State agencies and State institutions of higher learning for the energy consumption planning requirements as required by the act, effective July 1, 2023.