House committee substitute to the 1st edition makes the following changes.

Adds the requirement that the Wake Young Men's Leadership Academy and the Wake Young Women's Leadership Academy (Academies) for the 2024-25 and 2025-26 school years continue to: (1) be recognized as cooperative innovative high schools; (2) receive funds as provided in GS 115C-238.51A(c), which allows, for applications which have requested additional funds, the State Board of Education (State Board) and the applicable governing Board to approve cooperative innovative high schools contingent upon appropriation of the additional funds by the General Assembly; (3) operate as provided in GS 115C-238.53, which governs the operation of cooperative innovative high schools; and (4) provide opportunities for eligible students to earn postsecondary credit while enrolled in high school.

Amends existing provisions of Section 1 as follows. Requires the State Board to approve one or both applications (was, approve an application) to substitute the partner institution of higher education from the 2023-24 school year in the written agreements for one or both of the Academies (previously did not refer to the written agreements) with a new partner institution of higher education no later than the 2025-26 school year (was, beginning as early as the 2024-25 school year), if the already two specified things occur. Adds that if the application(s) for the substitution of a partner institution is approved, then the new provisions in the act setting out the four conditions that apply to the Academies for the 2024-25 and 2025-26 school years (as discussed above) cease to apply to that Academy. 

Makes additional conforming, clarifying, and technical changes.

Amends the act's long title.