Amends GS 143C-8-12, changing title to Capital improvement projects from sources other than the General Fund, making organizational changes. Also enacts new GS 143C-8-12(b), which allows the NC National Guard the authority to approve expenditures for capital projects if the project, including operating costs, will be entirely funded with federal funds. Enacts new GS 143C-8-12(c), a reporting requirement for the UNC Board of Governors and the National Guard to report any expenditure made pursuant to this section to the Office of State Budget and Management and to the Joint Legislative Commission on Governmental Operations.

Amends SL 2013-360, concerning projects funded by federal and matching state funds, providing that funds for projects that are delayed or cancelled can be used for armory and facilities projects approved by the US Congress that require matching state funds but are not listed in SL 2013-360.

Enacts new GS 143-129.6, Exemption for certain training projects of the North Carolina National Guard, providing that expenditures by the NC National Guard for a capital project that is for a training purpose and for a single exercise or undertaking at a National Guard facility has a total cost that does not exceed $100,000, and will be funded entirely with federal funds are not subject to the provisions of GS Chapter 143, Article 8, for public contracts.