SB 998

Requires the State Education Assistance Authority to transfer the following amounts of the unencumbered, nonrecurring funds remaining at the end of 2025-26 that would otherwise be carried forward in 2026-27 for the award of opportunity scholarship grants pursuant to GS 115C-562.8(d)(2): $10 million to the Housing Finance Agency (HFA) for low-cost financing for developers to build new affordable housing units and $40 million to the Department of Health and Human Services (DHHS) for its Transitions to Community Living program. Appropriates those transferred funds to HFA and DHHS for 2026-27 and permits each agency to use 3% of those funds for administration of the identified programs.