Amends GS 143B-437.02A to allow the funds in the Film and Entertainment Grant Fund to be used for a production on which the production company has qualifying expenses of at least $500,000 for a feature-length film (was, $1.5 million for a feature length film for theatrical viewing or $500,000 for a feature length tv movie). Amends the grant caps to prohibit using the funds to provide a grant in excess of an amount more than 35% of the qualifying expenses for the production if at least 75% of (1) the filming of the production and (2) where crew, cast, and offices of the production are both located in tier one and tier two areas, or more than 25% of the qualifying expenses for any other production.