Under current law, the net revenues of the North Carolina State Lottery Fund are transferred four times a year to the Education Lottery Fund, and 5% of the net revenue of the previous year is transferred from the Education Lottery Fund to the Education Lottery Reserve Fund. Of the remaining net revenue, 50% is used to support class size reduction in early grades and to support academic prekindergarten programs for at risk four-year-olds, and 40% is allocated to the Public School Building Capital Fund. Amends GS 18C-164(c) to discontinue the 50% allocation to support class size reduction and pre-k programs and increases the allocation to the Public School Building Capital Fund to 90%. Retains the 10% allocation to the State Educational Assistance Authority. Makes conforming changes. Effective July 1, 2011.