NC H1182

Allows UNC constituent institutions to carry forward up to 70% of General Fund realized savings from operations and maintenance of plant to the next fiscal year for nonrecurring capital and operating expenses, including one-time staff bonuses.

Directs the Director of the Budget to determine which portions of each institution's budget credit balance represent realized savings in operations and maintenance of plant.

Establishes intent that state appropriations to UNC institutions not be reduced based on realized savings, requiring the Director of the Budget to maintain continuation budget requirements as if no savings occurred.

Permits community colleges to retain up to 2% of their General Fund current operations credit balance at fiscal year end for nonrecurring expenditures that do not create additional state financial obligations.

Requires UNC institutions to submit annual reports to the Board of Governors on fund usage, and mandates community college funds be encumbered within 12 months of being carried forward.