House committee substitute to the 1st edition makes the following changes. Deletes the content of the previous edition and replaces it with the following.

Makes the following changes, applicable to Guilford County only. Amends GS 105-538 by requiring that the net proceeds of a tax levied under Article 46 (one-quarter cent sales and use tax) be used only for (1) any public purpose or (2) public school capital outlay purposes. Requires that when the tax is levied for a public school outlay purpose, then the county must maintain at least the same amount of public school capital outlay funding as in the fiscal year before the one in which voters approve the ballot measure, using sources other than this tax. Makes organizational changes. Makes conforming changes to GS 105-537 concerning the ballot language and specifies that a tax levied under Article 46 must be approved in a referendum.

Makes conforming changes to the act's titles.