Requires the State Board of Community Colleges to study and report to the specified NCGA committee by January 15, 2024, on options for improving community college funding and accountability. Requires evaluating at least: (1) the process of allocating funds to community colleges, especially allocating funds based on full-time enrollment (FTE), including evaluating benefits and associated costs of the specified changes to that process; (2) the effect the current formula, based on FTE, has on small community colleges, especially colleges with a significant number of part-time students, including a comparison of funds generated by part-time students relative to academic and institutional supports used by those students; (3) institutional accountability measures and performance standards, including at least the specified measures and metrics; (4) the extent to which the tiered weighting of community college courses reflects actual demand for occupations in the State and the different service regions for each community college, including consulting with the Department of Commerce to determine fields with the highest demand for workers compared to the number of courses offered in those fields and whether the current funding model encourages or discourages community colleges to start and maintain programs in high-demand fields; and (5) any other recommendation deemed relevant to the study.