Part I.

Expands GS 126-5(c1) to exempt finance professionals, business office professionals, and auditor professionals, of the University of North Carolina (UNC) from the provisions of GS Chapter 126 (the NC Human Resources Act), except for Articles 6 and 7, which govern equal employment and opportunity and confidentiality of personnel records, respectively. 

Part II.

Eliminates and modifies a variety of reporting by UNC as follows.

Repeals required reporting by specified schools of medicine and State-operated health professional schools of their plans for residents to enter primary care disciplines, reach goals set by the Board of Governors (BOG) for graduates entering primary care disciplines, or increase the percentage of graduates entering clinical programs and careers in primary care, as specified, to the BOG, as set forth in GS 143-613. Beginning April of 2022, requires the BOG to certify data on graduates, their residencies and clinical training programs, and subsequent careers by April 15 of each calendar year (was, November 15) to the specified NCGA division and committee.

Amends GS 143C-9-4 to exclude UNC from the Office of State Budget and Management's biennial report on fees charged by State entities.

Amends GS 116-11, adding to the required content of the BOG's annual report to the specified NCGA committees and divisions regarding necessary actions and adjustments to budgetary policies, regulations and standards resulting from the Current Operations Appropriations Act for the administration and operation of UNC and the distribution of State and federal funds to constituent institutions. Now requires inclusion of (1) the total amount of mandatory student fee revenue collected by institution and fee type; (2) any source of student auxiliary revenue that represents greater than 10% of the overall student auxiliary revenue by institution and revenue type; and (3) any source of sales revenue that represents greater than 10% of the overall sales revenue by institution and sales revenue type. 

Revises the reporting requirement of the UNC System Office (previously, known as the General Administration of UNC) under Section 10 of SL 2011-185. Now requires the System Office to annually report, beginning July 1, 2021, to the House Homeland Security, Military, and Veterans Affairs Committee (was, the Joint Legislative Oversight Committee and House and Senate Appropriations Subcommittees on Health and Human Services) on research collaborations addressing the behavioral health problems and challenges facing military personnel, veterans, and their families.

Repeals UNC's reporting requirements under GS 116-74.21(c) (regarding a determination of the number of school administrators to be trained in school administrator programs based on supply and demand), GS 116-41.32 (regarding Future Teachers of North Carolina), and Section 9.7(c) of SL 2008-107 (regarding the UNC-NCCCS 2+2 E-Learning Initiative). Revises GS 116-11(12d) to require the BOG to provide a comprehensive annual report on educator preparation efforts at UNC, including information on educator education and recruitment initiatives to improve educator quality, student success measures, and strategic research and related efforts, by October 15, to the specified NCGA committee, with a copy of the report provided to the State Board of Education (was, focused on teacher education efforts, and due annually by April 15 to the NCGA committee and the State Board). 

Repeals GS 66-58(h), which requires UNC institutions and entities to consult with the Joint Legislative Commission on Governmental Operations before issuing debt or executing a contract for a golf course or for any transient accommodations facility, including a hotel or motel.

Prohibits requiring the UNC System Office from annually reporting to the specified NCGA committee on the use of funds from the UNC President's Strategic Initiative Reserve. Requires the UNC System Office to instead make the information available upon request to the NCGA Fiscal Research Division. 

Repeals GS 116-30.7, which requires biennial reporting by the UNC System Office of enrollment growth for UNC.

Modifies Section 1.2 of SL 2010-148 to no longer require UNC and its constituent institutions to annually report its projects let without a performance or payment bond and their defaults to the specified NCGA committee. 

Enacts new subsection (e) to GS 143-133.1 to prohibit requiring UNC to report to the Secretary of Administration upon contracting with a construction manager at risk, design-builder, or private developer under a public-private partnership as required by subsection (a), and exempts UNC from the Secretary's rules adopted to implement subsection (a). Directs the BOG to adopt rules to implement the statute for UNC, including the format and frequency of reporting, with constituent institution annually reporting the information required in subsection (a) to the BOG and within 12 months of beneficial occupancy of the project, the Secretary of Administration, in accordance with subsection (c).

Part III.

Amends GS 116-143.3A, which provides for in-State tuition for veterans and their dependents for enrollment in an institution of higher education, to the extent required by specified federal law, without satisfying the 12-month residency requirements, if the individual meets specified criteria. Eliminates subsection (d), which provides for continued eligibility for in-State tuition if the individual remains continuously enrolled after the expiration of the three-year period following discharge as described in specified federal law.