Repeals or eliminates the following reports: (1) disadvantaged student supplemental funding report, (2) state board report on personal education plans, (3) teacher mentoring report, (4) UNC report to state board on professional development, and (5) child nutriton standards report.

Makes clarifying, technical, and conforming changes to GS 115C-296, Board sets licensure requirements; reports; lateral entry and mentor programs. Requires the State Board of Education (Board) to create a higher education educator preparation program report card, which includes information collected from annual performance reports for each NC institution offering teacher education programs and master's of education or school administration.

Changes to GS 115C-296 apply beginning with the 2013-2014 school year. Other sections are effective when the act becomes law.