Appropriates $510,250 in recurring funds for 2022-23 from the General Fund to the Department of Commerce to be allocated to the National Institute of Innovation and Technology, Inc., (Institute) to establish the following five new positions at the Institute, as specified, plus operating costs. Requires the positions to work to address the talent shortage in nanotechnology-related fields and advanced manufacturing, including the specified fields, through recruitment of qualified persons. Sets out recruitment efforts that must be made concerning pre-apprenticeship and youth pathway programs. Sets out minimum qualifications for the positions.

Requires the National Institute of Innovation and Technology, Inc., to annually for each year that State funds are expended: (1) report to the specified NCGA committee chairs and division on prior fiscal year program activities, objectives, and accomplishments and prior fiscal year itemized expenditures and fund sources; (2) provide the specified NCGA committee chairs and division with a copy of the entity's annual audited financial statements. 

Effective July 1, 2022.