Amends GS 58-85A-1 to increase the intended annual appropriation to the State Fire Protection Grant Fund from $4.18 million to $15 million from the General Fund, and from $1.345 million to $2.5 million from the University of North Carolina receipts. Permits the Department of Insurance to reserve up to 10% of the funds received from the General Fund to compensate local fire districts and political subdivisions for providing local fire protection to State-owned property under construction or first occupied during the fiscal year of the appropriation. Allows allocation of $1.155 million of the funds received from the University of North Carolina receipts to fire protection of buildings owned by nonprofit corporations or foundations sited on state property through a ground lease with constituent institutions of the university system. 

Provides for the reduction of appropriations from the University of North Carolina receipts if the amount appropriated from the General Fund is below $15 million in any fiscal year. Directs the allocation of $250,000 a year for state lands emergency response, and requires the Department of Insurance to adopt rules regarding reimbursement requests for emergency responses. 

Appropriates $11,222,487 in recurring funds for 2023-24 to the Department of Insurance from the General Fund for the State Fire Protection Grant Fund. Increases the amount of University of North Carolina receipts allocated to the State Fire Protection Grant Fund by $1.155 million in recurring funds. 

Effective July 1, 2023.