House committee substitute makes the following changes to 1st edition. Amends GS 115D-40.1 to require the State Board of Community Colleges to ensure the availability of at least one counselor at each college to inform students about available federal programs and funds to assist community college students [was, ensure at least one counselor available at each college participating in the William D. Ford Federal Direct Loan Program (Program)]. Provides that the board of trustees of any community college that has adopted a resolution declining to participate in the Program may rescind the resolution and participate in the Program; however, the community college cannot again decline to participate in the Program at some other time. Changes the effective date to July 1, 2011 (was, effective when the act becomes law).