House committee substitute makes the following changes to the 1st edition:

Updates language in Section 3 of the act, which requires the UNC Board of Governors to revise school administrator credentialing requirements, to refer to school administrator licensure requirements (was, certification requirements). 

Deletes the appropriation from the General Fund to the Board of Governors which was provided for fiscal year 2015-16 and 2016-17 to contract with the nonprofit corporation for the administration of the grant program. Adds language which provides that the provisions of the act are subject to the availability of funds.

Amends the effective date provisions to provide that all of the provisions of the act are effective when the act becomes law (previously, provided that Section 1, which establishes and describes the grant program, and Section 4, which made an appropriation, were effective July 1, 2015).