Enacts new GS 116-143.3A to make veterans meeting the following criteria eligible for the in-state tuition rate and applicable mandatory fees for enrollment without satisfying the residency requirement: (1) served active duty and was discharged or released from the Armed Forces under conditions other than dishonorable, (2) applies for admission to the institution of higher education and enrolls as an undergraduate at a constitutent university or at a community college within three years of discharge or release, (3) North Carolina is the veteran's home of record or last duty station, (4) qualifies for 100 percent of the specified federal education benefits, and (5) North Carolina is the abode of the veteran on the date of enrollment. Makes a spouse or dependents of the veteran eligible for the in-state tuition rate and applicable mandatory fees if the spouse or dependent meets the following: (1) applies for admission to the institution of higher education and enrolls as an undergraduate at a constitutent university or at a community college within three years of the veteran's discharge or release; (2) North Carolina is the abode of the individual on the date of enrollment; and (3) receives transferred federal educational benefits from an eligible veteran.

Appropriates $5 million from the General Fund to the UNC Board of Governors for 2014-15 and $1.9 million to the State Board of Community Colleges for 2014-15 for implementation.

Effective July 1, 2014, and applies to veterans discharged or released on or after July 1, 2014, and their spouses and dependents.