H433 is a bill in the North Carolina Legislature (2025-2026 Session): SFRF/NCPRO Revisions.

What is the status of H433?

Signed into law as of May 12, 2026. Latest action: Ch. SL 2026-3 (May 12, 2026).

Gillespie, Karl E. (R, 120), with 11 co-sponsors.

Where is the official record for H433?

On the North Carolina Legislature website: https://www.ncleg.gov/BillLookUp/2025/H433

North Carolina legislation · 2025-2026 Session

North Carolina H433: SFRF/NCPRO Revisions.

Q: What does H433 do?

In its own words: An act directing the office of state budget and management to reclassify unexpended state fiscal recovery fund balances and other funding, authorizing the north carolina pandemic recovery office to reallocate state fiscal recovery funds, directing the office of state budget and management to use interest earned on various funds for operations pertaining to pandemic relief, and extending the date on which the north carolina pandemic recovery office will cease to operate.

Status: Signed into law, May 12, 2026

What the bill says

An act directing the office of state budget and management to reclassify unexpended state fiscal recovery fund balances and other funding, authorizing the north carolina pandemic recovery office to reallocate state fiscal recovery funds, directing the office of state budget and management to use interest earned on various funds for operations pertaining to pandemic relief, and extending the date on which the north carolina pandemic recovery office will cease to operate.

From the introduced text:

AN ACT DIRECTING THE OFFICE OF STATE BUDGET AND MANAGEMENT TO RECLASSIFY UNEXPENDED STATE FISCAL RECOVERY FUND BALANCES AND OTHER FUNDING, AUTHORIZING THE NORTH CAROLINA PANDEMIC RECOVERY OFFICE TO REALLOCATE STATE FISCAL RECOVERY FUNDS, DIRECTING THE OFFICE OF STATE BUDGET AND MANAGEMENT TO USE INTEREST EARNED ON VARIOUS FUNDS FOR OPERATIONS PERTAINING TO PANDEMIC RELIEF, AND EXTENDING THE DATE ON WHICH THE NORTH CAROLINA PANDEMIC RECOVERY OFFICE WILL CEASE TO OPERATE. The General Assembly of North Carolina enacts: STATE FISCAL RECOVERY FUND AND OTHER ADJUSTMENTS SECTION 1.(a) Section 6.9 of S.L. 2025-97 reads as rewritten: "... "SECTION 6.9.(b) The Office of State Budget and Management (OSBM), in consultation with NCPRO, shall identify all State Fiscal Recovery Fund (SFRF)-funded projects with remaining unexpended balances that were categorized as revenue loss and used for government services. The Director of the Budget may reclassify such unexpended SFRF balances to support other eligible government services (i) only to the extent permitted under federal law and federal guidance; (ii) only from funds that were properly obligated on or before December 31, 2024; and (iii) with expenditures made consistent with 31 C.F.R. Part 35 and related United States Department of the Treasury guidance. A reclassification under this subsection may occur during the 2025-2026 fiscal year and, to the extent necessary to comply with federal requirements, within …

Read the full official text

North Carolina H433: SFRF/NCPRO Revisions.

What the bill says

Sponsors

Latest actions

Votes

Common questions