Amends Section 11.7 of SL 2015-241, concerning the NC Guaranteed Admission Program (NCGAP), adding new subsection (f1) concerning the availability for grant funds for transportation costs for each full-time student attending a community college as an NCGAP participant. Provides that the student is eligible for up to $3,200 in grand funds for transportation costs to attend a community college during the first academic year and if the student remains eligible, up to another $3,200 for the second academic year. Directs the State Board of Community Colleges to establish rules and procedures for the administration of the funds, including calculating eligible transportation costs and the procedures for students to apply for the grant funds. Sets out eligibility standards for the students, including carrying at least 12 credit hours the first semester of each academic year in order to receive those funds for the second semester of each year. Sets out further eligibility requirements for the 2nd year. Provides that if too many students participate in the NCGAP and there are insufficient funds, students will receive a pro rata share of the funds until the end of the academic year. Any unused funds from the current appropriation remain available for subsequent grants for transportation grants. 

Appropriates from the General Fund to the State Board of Community Colleges $3,833,600 in recurring funds for the 2016-17 fiscal year to provide grant funds for transportation costs for NCGAP students participating in the program.

Effective July 1, 2016.