House committee substitute deletes the content of the 2nd edition and replaces it with the following.

Part I.

Requires the State Board of Education (State Board) to deem valid previously issued school administrator licenses and future renewals for individuals licensed for any school year from 2010-11 to 2020-21 notwithstanding failure of the individual to meet any of five specified licensure requirements, including exam, internship, classroom teaching experience, and second level of differentiation requirements. Also includes failure to hold a Master's in Education Administration if the individual completed a master's degree program or a post-master's certificate designed for school administrators offered by an approved educator preparation program. Mandates that the State Board waive these five licensure requirements for individuals who: (1) prior to August 31, 2022, completed at least one course as part of a master's degree program or a post-master's certificate designed for school administrators offered by an approved educator preparation program; (2) completed a master's degree program or a post-master's certificate designed for school administrators offered by an approved educator preparation program; and (3) meet all licensure requirements in State law, rule, or policy not otherwise waived by the act.

Part II.

Amends GS 115C-302.1 to allow individual teachers who are not employed in a year-round school to be paid in 12 monthly installments when requested by the teacher (removes the requirement that the teacher make the request on or before the first day of the school year). Removes the provision prohibiting teachers employed for less than 10 months from receiving their salary in 12 installments. Makes conforming changes to GS 115C-316, and expands its provisions to require salary payments to year-round school employees in 12 installments for employees employed for 10 or 11 calendar months (was, 10 calendar months only), and permits salary payments to school employees not employed in a year-round school in 12 installments for employees employed for 10 or 11 calendar months (was, 10 calendar months only). Adds a new mandate for local administrative units to fulfill the requirements for installment payments for eligible employees who so request through a payroll deduction plan.

Part III.

Revises Section 2.3 of SL 2020-80 to extend the deadline by which the State Board must report to the specified NCGA committee on unpaid meal charges in local school administrative units from October 15, 2021, to October 15, 2023.

Part IV.

Amends GS 147-86.12 as follows. Defines governing body and public school unit. Defines public school unit to include local school administrative units, charter schools, regional school, and innovative schools. Authorizes drawing of moneys deposited with the State Treasurer for disbursement by public school units (was, local school administrative units) three business days prior to final disbursement to the ultimate payee, creating an exception to the guidelines set out in existing GS 147-86.11 requiring deposits to remain with the State Treasurer until final disbursement to the ultimate payee. Defines business day. Authorizes a public school unit to deposit such moneys drawn on the State Treasurer in an official depository designated by the governing body of the public school unit pursuant to state law. Makes conforming changes to GS 146-86.11.

Amends GS 115C-75.11, GS 115C-218.105, and GS 115C-238.70, concerning innovative schools, charter schools, and regional schools, respectively, to explicitly subject the respective schools to the cash management provisions under Article 6A, GS Chapter 147, with respect to all receipts, deposits, and disbursements required by law to be deposited with the State Treasurer or made available for expenditure by warrants drawn on the State Treasurer. Amends GS 115C-438, regarding the disbursement of State funds to local school administrative units, to similarly subject local school administrative units to the cash management provisions under Article 6A, GS Chapter 147, with respect to all receipts, deposits, and disbursements required by law to be deposited with the State Treasurer or made available for expenditure by warrants drawn on the State Treasurer.

Makes conforming changes to State policy regarding cash management set forth in GS 147-86.10 to refer to public school units as defined in GS 147-86.12, as amended, rather than administrative units. 

Changes the act's titles.