Prohibits, during the 2014-15 fiscal year and subsequent fiscal years, the sell, lease, rental, or gifting of state-owned property comprising the Broughton Hospital campus without General Assembly approval. Requires the Department of Health and Human Services (DHHS) to maintain the Broughton Hospital facilities in the same condition they are in at the time the act becomes law. 

Appropriates $400,000 from the General Fund to the Department of Commerce (DOC) to study, along with DHHS, the Department of Administration, the City of Morganton, Burke County, and Burke Development, Inc., potential uses for the Broughton hospital facilities and potential development of adjoining state-owned properties, to ascertain the economic benefits of use, development, or redevelopment. Sets out four issues to be examined in the study.

Requires DOC to submit an interim report by December 31, 2014, to the specified legislative entities. Requires a final report by June 30, 2015. 

Effective July 1, 2014.