Directs the State Controller to transfer a sum sufficient for the 2019-20 fiscal year, as described and appropriated in nonrecurring funds to the Office of State Budget and Management (OSBM), from the Coronavirus Relief Reserve to the Coronavirus Relief Fund (both established in SL 2020-4). Requires the appropriated funds to remain available until December 30, 2020.

Requires OSBM to allocate the funds to the Department of Public Instruction (DPI), the Community Colleges System Office (CC System Office), and the UNC Board of Governors (BOG) to provide services and cover costs necessary to assist respective schools, campuses, and institutions, and their students, affected by COVID-19; includes eligible private postsecondary institutions.