Appropriates $16 million from the General Fund to the Department of Commerce for 2024-25 to be allocated to the North Carolina Association of Regional Councils of Government, which must distribute the funds equally to the 16 regional councils of government, which must use the funds to develop a regional economic development plan. Requires NCARCOD to work with the Departments of Commerce and Environmental Quality in developing the criteria to evaluate and certify those plans. Sets out required content and processes for the plans, including due date. Effective July 1, 2024.