Includes whereas clauses. Enacts GS 115C-104.10, requiring the State Board of Education (Board) to develop a model policy to expand learning opportunities that allow approved alternative educational opportunities outside of the traditional classroom to qualify as elective course credit. Sets out five required components of the model policy, including a list of types of entities eligible to submit proposals for such alternative educational opportunities such as nonprofits, businesses and trade associations; an example application process; example criteria for evaluating applicants; required alignment with content standards for electives or links to other approved programs specified; and suggested requirements for a selected entity to follow. Empowers local boards to adopt local policies based on the Board's model policy. Requires the Board to create the model and make it available to local boards by December 15, 2022. 

Enacts GS 115C-47(34b), authorizing local boards to adopt policies based on the Board's model policy, with requirements that align with those required of the Board's model. Adds that the local board has discretionary authority of whether to approve an application, but is required to provide reasons for denial and suggestions for improvement for board approval. Authorizes the local boards to audit approved entities alternative educational programs at any time, and allows for disqualification by the board if the audit finds the program is not in compliance with the policy or its requirements.

Appropriates $100,000 from the General Fund to the Department of Public Instruction for 2022-23 for the act's administration.