Reclaim State Assets from NCInnovation.

HB 154 requires NCInnovation, a state entity, to return all state funds and assets it acquired using state money to the North Carolina State Controller. The State Controller must then transfer these funds into the General Fund, where they remain unappropriated until the General Assembly votes to use them for specific purposes. This bill dissolves the financial relationship between the state and NCInnovation by repealing related statutes, effective 60 days after enactment. It directly affects NCInnovation’s financial obligations and the state’s treasury, with no new spending authorized by the transfer.