Education

HB 268 authorizes the University of North Carolina system to finance specific capital projects at UNC Chapel Hill and UNC Wilmington using alternative funding sources like gifts, grants, and revenue bonds - instead of state general funds. It specifically covers major projects including Chapel Hill's electrical system upgrade and Fetzer Hall addition, plus Wilmington's parking deck and student housing. The bill allows the university board to issue special obligation bonds up to 5% over the project costs to cover expenses, with potential adjustments approved by the state budget director. This directly affects the two universities by enabling them to fund these infrastructure improvements through non-state appropriations.

HB 87 (Educational Choice for Children Act) allows North Carolina to participate in a federal tax credit program that encourages donations to private scholarship organizations. The bill requires the State Education Assistance Authority to maintain and publish an annual list of qualifying scholarship groups operating in North Carolina, enabling donors to claim federal tax credits for contributions. These scholarships can cover elementary and secondary school costs, including homeschooling expenses, as permitted under federal law. The law becomes effective after 2026, with the Authority needing to establish necessary rules by July 2026 to comply with federal requirements.