AN ACT TO PROVIDE A SOUND BASIC EDUCATION TO EVERY STUDENT IN NORTH CAROLINA.
Directs the transfer of $785,106,248 from the Savings Reserve Account to the General Fund within 30 days of the date the act becomes law, and appropriates the funds as follows: $142.9 million to the Department of Health and Human Services; $608,006,248 to the Department of Public Instruction; and $34.2 million to the UNC Board of Governors. Limits the use of appropriated funds to the implementation of the requirements of the Comprehensive Remedial Plan (Plan), defined as the plan set out in the Consent Order on Leandro Remedial Action Plan for Fiscal Year 2021 in the identified Wake County Superior Court consent order dated September 11, 2020, including its appendix. Requires administration consistent with the time frames provided in the Plan. Provides for savings to revert to the appropriate fund at the end of each fiscal year. Requires the Director of the Budget to include necessary amounts to implement the Plan when developing the base budget for 2023-24, as the Plan exists on the date the act becomes law, and annually report to the specified NCGA division and committees on Plan alignment.