Appropriates $42.2 million for 2021-22 from the General Fund to the UNC Board of Governors to be allocated to the UNC School of the Arts for the planning, repair, and renovations of the Stevens Center. Specifies the types of upgrades to be made with the funds. Sets out the goals of the renovation. Specifies that the funds do not revert at the end of the 2021-22 fiscal year but remain available until June 30, 2025, for the purposes set forth in this act. Effective July 1, 2021.