House committee substitute to the 1st edition makes the following changes. Deletes the content of the previous edition and replaces it with the following.

Adds five legislative findings regarding the impact of the COVID-19 pandemic on public schools.

Directs the State Controller to transfer, by August 15, 2020, $75 million in nonrecurring funds from the Civil Penalty and Forefeiture Fund to the Department of Public Instruction (DPI) for 2020-21 to fund an increase in Average Daily Membership (ADM) for 2020-21.

Requires DPI, by August 15, 2020, to transfer for 2020-21, $3,923,230, in recurring funds from the cash balance in the School Bus Replacement Fund to fund an increase in ADM for 2020-21.

Requires that State Controller to transfer $22 million from the Coronavirus Relief Reserve to the Coronavirus Relief Fund (both established in SL 2020-4). Appropriates the transferred funds on a nonrecurring basis to the Office of State Budget and Management (OSBM) for 2020-21 to be allocated to DPI to fund an increase in ADM for low-wealth counties due to the impacts of COVID-19. Specifies that the requirements and limitations in Part I of SL 2020-4 apply to these funds and requires OSBM to include the funds in its required report. 

Reenacts and incorporates by the reference the State Budget Act, GS Chapter 143C.

Provides for the continued validity of 2019 legislation appropriating funds to an agency covered by the act unless expressly repealed or amended. 

Effective July 1, 2020.

Changes the act's titles.