Amends SL 1961-141, as amended, concerning the Economic Development Commission (Commission) of Stanly County. Provides that the Commission is composed of 13 members (was, 12) to be appointed by the Board of County Commissioners (Board) as newly specified. Removes requirements for a designee of the Stanly County Chamber of Commerce and the President of the Stanly County Community Development Corporation to serve as voting ex officio members of the Commission. Adds that the Commission members can appoint additional persons to serve in a nonvoting ex officio capacity if deemed advisable in order to help guide or assist the Commission in fulfilling its obligations as provided in this act. Provides that the terms of office of the Commission members is two years, except that in order to stagger terms, one-half of the members appointed in 2017 are to serve a one-year term and the remaining members appointed in 2017 are to serve a two-year term. Clarifies that the one- and two-year term limits provided do not apply to members of the Board or the President of Stanly County Community College. Provides that the term of office is to commence on April 1 and end on March 31.

Removes requirements for member appointments based on voting precincts and instead requires: (1) two members representing business or industry from each of the county's five filing/voting districts, (2) two county commissioners currently serving, and (3) the President of Stanly County Community College or the President's designee. Removes provision requiring the chairman of the Commission to serve on the Stanly County Board of Commissioners. Directs the Commission to select a chair, vice-chair, and secretary, subject to approval of the Board, at the time of the holding of their first meeting following the appointment of members in 2017 (previously, Board designated a county commissioner to serve as chair).

Excepts the executive officer from personnel the Commission has the authority to employ, and provides that the County Manager has the authority to appoint the executive officer of the Commission, upon consultation with the Commission and with approval of the Board. Authorizes the Commission to enter into contracts with the Stanly County Chamber of Commerce or another entity, with Board approval, to implement the purposes for which the Commission was created. Provides that any contract awarded by the Commission without Board approval is void. Establishes that the Board has the authority to supervise the Commission and its activities at all times. Prohibits the Commission from entering into contracts or agreements that interfere with, restrict, or otherwise limit the Board's ability to exercise its authority to supervise the Commission.

Makes conforming and technical changes. 

Provides that the terms of all members serving on the Commission, including members of the Board, expire March 31, 2017. Directs the Board to appoint 13 members to serve on the Commission, as provided by this act, for terms of one and two years beginning on April 1, 2017.