Establishes that a highly qualified graduate must be paid pursuant to "A" Teachers salary schedule at the highest level for which that person qualifies, as specified by the act and depending on whether the highly qualified graduate is licensed and employed to teach by a local board of education, employed at a low-performing school, or is licensed and employed to teach in the areas of special education, science, technology, engineering, or mathematics. Defines a highly qualified graduate as an individual entering the teaching profession who has graduated from an approved educator preparation program located in NC (1) with a GPA of 3.75 or higher on a 4.0 scale, or its equivalent and (2) with a score of 48 on the edTPA assessment or an equivalent score on the nationally normed and valid pedagogy assessment used to determine clinical practice performance. Effective only if funds are appropriated in the 2017 Regular Session of the 2017 General Assembly to implement the provisions of this act, and would apply beginning with the 2017-18 school year. 

Appropriates $1 million in recurring funds from the General Fund to the UNC Board of Governors for the 2017-18 school year to support and expand the NC New Teacher Support Program. Adds two new anchor sites to the program: Appalachian State University and the University of North Carolina at Wilmington. Effective July 1, 2017, and applies beginning with the 2017-18 school year. 

Amends GS 115C-269 to add new subsection (a4) to direct the State Board of Education to reimburse the initial teacher licensure application fee for the first time an applicant submits an application for teacher licensure if the applicant (1) is a graduate of an approved educator preparation program located in North Carolina and (2) the applicant has successfully earned an initial teaching license in North Carolina. Directs the State Board of Education to issue reimbursement to the applicant within 30 days of the date the applicant earns an initial teaching license in North Carolina. Appropriates $245,000 in recurring funds for the 2017-18 school year to the Department of Public Instruction to reimburse the initial teacher licensure application fee for qualifying applicants pursuant to new subsection (a4). Effective July 1, 2017, and applies to applications for licensure received on or after that date.