Amends GS 115C-546.11 to expand upon counties that are eligible for a grant from the Needs-Based Public School Capital Fund, to also include a county that contains census tracts that are experiencing persistent poverty or are identified as having low to moderate income. Requires those counties that also have an adjusted market value of taxable real property of greater than $40 billion, to have a local match of 35%; all other eligible counties have the match requirements already set out in the statute.

Repeals SL 2017-57, Section 7.22, subsections (c), (d), and (e), concerning allocations of funds from the cooperative innovative high school supplemental allotment to a local school administrative unit located in development tier one, tier two, and tier three areas.

Requires the Department of Public Instruction (DPI), beginning with the 2025-26 fiscal year, to allocate in an equal amount per school on a recurring basis the cooperative innovative high school supplemental allotment to local school administrative units for each cooperative innovative high school located in the unit that (1) is approved by the State Board of Education and (2) received funds for the cooperative innovative high school supplemental allotment for the 2025-27 fiscal biennium.

Provides that beginning with the 2025-26 fiscal year and subsequent fiscal years thereafter, no State agency responsible for the allocation of State funds for education purposes to elementary and secondary public schools, community colleges, or the UNC constituent institutions will be directed to or can use the economic development tier designation for a county as the basis for the allocation of those state funds.

Repeals all laws and clauses of laws in conflict with this act.

Effective July 1, 2025.