Continuing Budget Operations Part II.

Removed language about September 11, 2025 disaster declaration and federal funding approval that was part of the amendment version.

Added new Section 1 establishing Article 19 of Chapter 58 with requirements for annual group capital calculation reports for insurance holding companies.

Added exemptions for insurance holding companies that meet specific criteria including single insurer status, NAIC accreditation, or Federal Reserve Board requirements.

Added detailed criteria for when non-United States jurisdictions recognize group capital calculations as acceptable international standards.

Added provisions requiring lead state commissioners to request calculations from Federal Reserve Board when exemptions apply, and authority to require filings for prudential oversight.

Added a specific date reference (September 11, 2025) for a major disaster declaration under the Stafford Act.

Inserted new language requiring compliance with federal disaster assistance programs.

Changed amendment instructions from page 16, line 27 to page 1, line 16, and updated bill version numbers from v.4 to v.7.

Removed provisions allowing the Administrative Office of the Courts to sell mainframe computing systems without State Surplus Property Agency involvement

Removed provisions about remote public access fees and how recovered costs should be remitted to the Court Information Technology Fund

Added provision designating certain positions as exempt policy-making positions of the Commissioner of Labor, exempt from G.S. 126-5(d)(2) limitations

Changed amendment reference from page 18, line 25 to page 16, line 27, and updated version identifiers from A1 to A3

Section 5.1 permits the Administrative Office of the Courts to sell its mainframe computing system and related components without State Surplus Property Agency involvement, directing net proceeds to the Court Information Technology Fund.

Section 5.2 clarifies that the Director and Administrative Office of the Courts are not custodians of superior court clerk records and establishes that funds recovered from remote public access contracts must be remitted to the State Treasurer for the Court Information Technology Fund.

The document header was changed from a House Bill format to an Amendment format, and the bill text was reorganized with new sections inserted.

Header formatting was updated to reflect the bill's ratified status, changing from 'Edition 3' to 'Ratified Bill' and adjusting session information layout.

Line numbering and spacing were adjusted throughout the document to conform to final legislative formatting standards.

A duplicate text block was removed from the middle of the document during the conversion from draft to final version.

Updated the disaster declaration timeline to reflect that the President issued a major disaster declaration on September 11, 2025, rather than just the Governor's initial Type I disaster declaration on August 5, 2025.

Added reference to the Stafford Act (P.L. 93-288) regarding public assistance federal funding approval for affected counties.

Updated bill version number from Edition 2 to Edition 3 and revised the page number from 2 to 3.

Removed all provisions related to NAIC accreditation, group capital calculations, and liquidity stress test requirements for insurance holding company systems.

Added new focus on disaster relief funding for Tropical Storm Chantal, which impacted central North Carolina counties including Alamance, Caswell, Chatham, Durham, Granville, Moore, Orange, Person, and Wake.

Created $65.5 million in disaster relief funding, including $40 million for federal disaster assistance matching, $15 million for Tropical Storm Chantal recovery, and $6 million for individual and family emergency assistance.

Allocated $1.5 million to Warren Wilson College and $1 million to UNC Asheville for Hurricane Helene damage repairs and resiliency improvements.

Added reporting requirements for federal disaster assistance awards and established a public dashboard for tracking disaster recovery funds.

Modified the Golden Leaf Rapid Recovery Loan Program section with updated definitions for net loan funds.