Includes whereas clauses. 

Part I.

For the 2021-22 fiscal year only, allows local boards of education to transfer and approve the transfer of funds in an allotment category to another allotment category to respond to the impacts of COVID-19 within nine listed limitations, including (1) prohibiting transferring funds out of the children with disabilities, students with limited English proficiency, and academically or intellectually gifted students categories, (2) prohibiting transferring funds into the central office administration allotment category, and (3) limiting the transfer of funds from the teacher assistants allotment category to transfers to the instruction support allotment category.

For the 2021-22 fiscal year only, authorizes local boards to transfer funds in the drivers education allotment category to another allotment category, excluding fees collected for driver education courses pursuant to GS 115C-216.

Effective July 1, 2021. 

Part II.

Requires any unexpended funds in an allotment category for a local school administrative unit at the end of the fiscal year to remain available for expenditure for the purposes of that allotment category until June 30, 2022, including funds transferred from one allotment category to another that are unexpended. Effective June 30, 2021.