Adds new GS 113A-115.2 establishing a pilot program to authorize construction of shoreline stabilization pilot projects (Project[s]) at locations statewide where oceanfront homes face imminent danger of being lost to the ocean. Tasks the NC Collaboratory (Collaboratory) with evaluating potential locations and recommending a limited number of pilot projects sufficient to evaluate different shoreline conditions, erosion risks, and management approaches, based on the five enumerated criteria.  Requires the Division of Coastal Management (DCM) with the Collaboratory to establish monitoring periods for the projects, including a defined monitoring period. Instructs DCM and the Collaboratory to submit reports on the monitoring to the specified NCGA committee and Environmental Management Commission (EMC) within 60 days after the conclusion of each project’s monitoring period. Requires either the local government or homeowner’s association with jurisdiction over a Project location to do the following: (1) fund the Project in its entirety; (2) obtain all governmental permits and authorizations required; and (3) post bond or other financial assurance prior to construction. Exempts that governing entity from the limitations on erosion controls in GS 113A-115.1 for the duration of the Project (the period during which the stabilization structure is in place and active monitoring is being conducted) to terminate upon the removal of the structure, expiration or revocation of the permit, or a final agency determination requiring removal, whichever occurs first.

Appropriates $850,000 from the General Fund to the Collaboratory to carry out the evaluation described above and to update the State's Beach and Inlet Management Plan, as described.

Directs the Department of Environmental Quality to amend the management program it adopted pursuant to the federal Coastal Zone Management Act to ensure the management program is consistent with GS 113A-115.2, as enacted by the act, and seek approval of the proposed amended management plan by the United States Secretary of Commerce or the Secretary's authorized designee no later than six months after the act becomes law.