Amends GS 116-11 to add to the duties of the UNC Board of Governors (BOG) to require adoption of a policy prohibiting any constituent institution from hosting a Confucius Institute, as defined by federal law, at the constituent institution as part of its course of study, cultural programming, or community outreach activities. 

Amends GS 116-283 to require the Education Assistance Authority (Authority) to adopt a rule that mandates the revocation of eligibility for otherwise eligible private postsecondary institution to use an awarded need-based scholarship for students if the institution hosts a Confucius Institute at the institution as part of its course of study, cultural programming, or community outreach activities. Requires eligible institutions to report to the Authority on whether or not it hosts a Confucius Institute prior to scholarship fund disbursement.

Prohibits any State agency responsible for the allocation of funds to a private college or university from allocating State funds to an institution that hosts a Confucius Institute at the institution as part of its course of study, cultural programming, or community outreach activities, beginning with the 2020-21 fiscal year.

Appropriates $150,000 in nonrecurring funds from the General Fund to the BOG for the 2020-21 fiscal year to be allocated to constituent institutions transitioning from hosting a Confucius Institute to developing an alternative curriculum program from Chinese language instruction in compliance with the act.

Effective July 1, 2020, and applies beginning with the 2020-21 academic year.