Amends GS 116-11.4 by prohibiting UNC constituent institutions from taking any action in violation of State or federal law because of any accrediting agency's principle, standard, policy, or other requirement. Makes conforming changes. Amends GS 115D-6.2 to also prohibit community colleges from taking any action in violation of State or federal law because of any accrediting agency's principle, standard, policy, or other requirement. Makes conforming changes.