Appropriates $3,150,000 in recurring funds from the General Fund to the UNC Board of Governors for 2021-22 to be allocated to UNC-Chapel Hill for the NC Policy Collaboratory (Collaboratory). Restricts use of the funds to creating an annual research grant program for six constituent institutions identified as Historically Minority-Serving Institutions (HMSIs). Requires the Collaboratory to award one or more grants to each identified constituent institution in an amount of at least $200,000 each fiscal year, with no individual grant or total grant awards exceeding $750,000 in a fiscal year. Authorizes the Collaboratory to use up to $200,000 of the appropriated funds for program administration, as specified. Effective July 1, 2021.