Establishes the Midwifery Education Grant Program (program) for the 2026-27 fiscal year to increase the number of midwives and midwife training programs in the State. Allows any UNC constituent institution that has an advanced practice registered nurse (APND) degree program to apply to the UNC System Office for a grant to establish an eligible midwife program, defined as a program that provides a certified nurse-midwife (CNM) credential. Directs the UNC System Office to develop and publish application criteria and procedures by September 30, 2026, accept applications until December 31, 2026, and select applicants by March 15, 2027. Lists required application materials, including a plan to graduate at least 20 CNM by the fifth year of program operation. Caps grants at $4 million per grantee. Lists applicant priority and selection criteria. Lists three permissible uses of grant funds. Requires the UNC System Office to annually report to the specified NCGA committee and division, beginning October 15, 2027, and annually thereafter until all grantee funds have been expended. Specifies required content. 

Appropriates $20 million from the General Fund to the UNC Board of Governors for 2026-27 to be allocated to the UNC System Office to provide grants under the program. Specifies that the funds remain available until expended. 

Effective July 1, 2026.