Appropriates $129,304,522 in recurring funds from the General Fund to the Community Colleges System Office (CCSO) for 2023-24 fiscal year and $258,609,104 in recurring funds for the 2024-25 fiscal year to provide legislatively mandated salary increases for community college personnel in the amount of 10% in the 2023-24 fiscal year and an additional 10% in the 2024-25 fiscal year. Requires the funds to be used, at the discretion of the community college, for merit pay, across-the-board increases, recruitment bonuses, retention increases, and any other compensation increase  pursuant to policies adopted by the State Board of Community Colleges (Board). Requires the Board to report to the NCGA and the Fiscal Research Division on the use of the funds by no later than March 1, 2024.

Appropriates $25 million in nonrecurring funds from the General Fund to the CCSO for the 2023-2024 fiscal year to be allocated to community colleges to be used for the recruitment and retention of employees working in six specified areas.

Effective July 1, 2023.