Requires the State to convey all rights, titles, and interests in the specified land that includes the North Carolina Agricultural and Technical State University Chancellor’s residence to the North Carolina A&T Real Estate Foundation (“Foundation”) in exchange for $1.00 consideration.

Describes the specific parcel to be conveyed and provides that conveyance is made without warranty. If the Foundation sells the property, the proceeds must be used for a new Chancellor’s residence. Exempts the conveyance from Article 7 of GS Chapter 146 and requires compliance with Article 16 of that Chapter except for GS 146-74.

Appropriates $5,000 for 2025-26 from the General Fund to the Department of Administration for transaction costs.