Repeals Section 8.29 of SL 2013-360 and GS Chapter 115C, Article 39, Part 2A, the provisions establishing the opportunity scholarship program.

Amends GS 115C-555, Qualification of nonpublic schools, deleting language that provided that scholarship grant funds awarded as part of the opportunity scholarship program is not considered funding from the state of North Carolina.

Repeals GS 116-204(11), which gave the State Education Assistance Authority the power to award the scholarship grants from the above program.

Transfers $10 million from the funds appropriated to the North Carolina State Education Asistance Authority (NCSEAA) for the Opportunity Scholarship Grants to the Department of Public Instruction (DPI) for the 2014-15 fiscal year in order to reduce the average daily membership adjustment as enacted in SL 2013-360. Effective July 1, 2014.

Appropriates $1,797,941 to the DPI from the General Fund for fiscal year 2014-15 to eliminate the adjustment enacted in SL 2013-360 to reflect the decrease in public school daily membership resulting from the scholarship program. Effective July 1, 2014.

Provides that, for fiscal year 2014-15, there will be no reduction in the budget of the DPI resulting from the implementation of the Opportunity Scholarship Grants and that the State Board of Education will not make any reductions to the allotments of local school administrative units in the 2014-15 school year related to Opportunity Scholarship Grants. Effective July 1, 2014.