Includes whereas clauses.

Enacts GS 116-40.14, stating the legislative purpose of the act is to ensure eligible UNC constituent institutions regularly compete against one another in eligible sports, defined to include football and men's and women's basketball. Sets forth defined terms. Defines high-enrollment institution as a constituent institution which fields a Division I football team with a full-time equivalent enrollment in the fall semester of 2023-24 of 30,000 students or more. Establishes requirements for a high-enrollment institution to (1) play at least one home or away game each academic year against another high-enrollment institution and an eligible constituent institution that is not a high-enrollment institution and (2) play at least one home and one away game against each eligible constituent institution that is not a high-enrollment institution every six academic years, alternating home and away games. Applies beginning with the 2025-26 academic year. 

Appropriates $1 million in nonrecurring funds from the General Fund to the UNC Board of Governors for 2024-25 to inform eligible constituent institutions and the public about the competitions required by new GS 116-40.14. Effective July 1, 2024.