NC-Federal Alignment for Critical Technologies Task Force (NC-FACT).

HB 724 establishes the NC-Federal Alignment for Critical Technologies Task Force (NC-FACT) within North Carolina's Department of Commerce. The task force, composed of state agency staff and potentially partners from UNC institutions or the private sector, must study ways to improve collaboration between state, federal, and private entities in science and technology. It is required to develop economic strategies focused on attracting out-of-state investment and streamline resources for tech industries, then submit annual reports with actionable recommendations to the legislature by April 1 each year. The bill creates a study group with specific research duties and reporting requirements but does not enact direct funding or regulatory changes.