NC S750

Creates new requirement for non-state entities receiving over $100,000 in state funds annually to deposit funds into interest-bearing accounts, with earned interest treated as state funds that must be used for grant-specified services.

Allows non-state entities receiving $100,000 or less annually to voluntarily use interest-bearing accounts for state funds, with same restrictions on interest use as larger recipients.

Permits non-state entities to use up to $250 annually from earned interest to pay administrative costs directly related to holding the funds.

Requires all state grants to have a two-year duration unless otherwise specified, with unspent funds returned to the state upon expiration or when grantee cannot fulfill grant purposes.

Strengthens enforcement procedures by requiring the Budget Director to take multiple actions (administrative action, Attorney General reporting, fund suspension/withholding, fund recovery) when non-state entities misuse state funds or falsify required information.