Enacts GS 20-88.03, Late fee; motor vehicle registration, providing that the Division of Motor Vehicles (DMV) must charge a late fee as specified for people that pay registration fees after the applicable registration expires. Sets out the fees to be charged, ranging from a minimum fee of $15 for a registration expired for less than a month to a maximum of $25 for a registration expired for two months or more.

Provides that the proceeds from the late fees will be used to fund the driver education program administered by the Department of Public Instruction as provided for in GS 115C-215. Provides that a registration fee is considered to be made on the postmark date for payments made by mail. If the mailed payment is not postmarked then the payment is considered made on the date the DMV receives the payment. 

Amends GS 115C-216(g) to lower the fee for the driver education course to $45 (was, $65).

Directs the Department of Public Instruction to review and revise the driver education program to ensure best practices, after the NC State Driver Education Assessment is conducted in May 2015.

Repeals Section 8.115(b) of SL 2014-100, which ended funding of the driver education program from the Highway Fund. 

Appropriates $28 million from the unclaimed lottery prize money to the Department of Public Instruction for the 2015-16 fiscal year for the driver education program.

Appropriates $26 million from the Civil Penalty and Forfeiture Fund to the Department of Public Instruction for the 2016-17 fiscal year for the driver education program.

Effective July 1, 2015.