Education

This bill authorizes the University of North Carolina system to finance specific capital improvement projects, such as dormitory renovations and new construction, using non-state funds like gifts, grants, and hospital receipts. It allows the university to issue special obligation bonds to cover these costs and includes a mechanism for the Director of the Budget to adjust project funding if necessary. Additionally, the legislation standardizes the residency determination process for admission to the North Carolina School of Science and Mathematics and revises tuition grant rules for graduates of that school and the UNC School of the Arts. These changes aim to support university infrastructure development and ensure equitable access to specialized science and arts programs for North Carolina residents.

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.