Establishes a 19-member Historically Minority Colleges and Universities Advisory Board (Board) within the University of North Carolina General Administration, seven members each appointed as specified by the President Pro Tempore of the Senate and the Speaker of the House of Representatives, and five appointed by chancellors of the historically minority constituent institutions. Directs the Board to study strategies and actions that can increase the rates of enrollment, retention, and graduation for historically minority colleges and universities that are constituent institutions of the University of North Carolina. Provides for the administration, meeting space, and compensation for the Board. Directs the Board to submit its preliminary findings to the Board of Governors of the University of North Carolina by December 15, 2017, and a final report to the Joint Legislative Education Oversight Committee by March 15, 2018. The Board terminates on March 15, 2018, or upon the filing of its final report, whichever happens first.