Senate committee substitute to the 2nd edition makes the following changes.

Organizes the act into Parts.

Part I.

Amends new GS 115C-218.124 to allow a nonprofit that has a school code for in-person instruction in addition to a school code for a remote charter academy to provide all financial reporting for both school codes jointly in a form directed by the Department of Public Instruction. 

Part II.

Eliminates the proposed changes to Section 8.35(e), SL 2014-100, as amended, regarding the funding of the virtual charter school pilot program.

Makes a technical change to the effective date provision.

Part III.

Adds the following new content. Amends GS 115D-3, establishing a procedure for the State Board of Community Colleges (State Board) to elect a President of the Community Colleges System. Requires at least three final candidates to be submitted to the full State Board from which the Board must conduct a vote, whereby the candidate who receives a majority of votes of the entire State Board is elected, subject to legislative confirmation pursuant to new GS 115D-3.1. Eliminates the catch-all provision in current law that grants the State Board all other powers, duties, and responsibilities delegated to the State Board of Education affecting the Community College System Office not otherwise stated in GS Chapter 115D.

Enacts GS 115D-3.1, requiring the State Board to submit the name of the person elected as President for confirmation to the presiding officers of each NCGA chamber by the fifteenth day following the election. Requires the NCGA to adopt a joint resolution to confirm or deny confirmation. Prohibits the person elected from serving as President until a joint resolution is adopted, but permits serving as interim-President. Deems the confirmation denied if no joint resolution is adopted by the thirtieth day following receipt of the name by presiding officers. Bars persons denied confirmation from serving as President or interim-President.

Makes organizational changes to the effective date provisions.

Changes the act's titles.