As the title indicates. Applies only to municipalities located in Buncombe County. Prohibits the adoption of any resolution of consideration, resolution of intent, or annexation ordinance under Part 2 or 3 of Article 4A of GS Chapter 160A from the date this act becomes law until July 1, 2016. Tolls the effective date for adopted annexation ordinances with an effective date on or before this act becomes law. Stays any pending litigation upon enactment. Authorizes municipalities to amend the budget ordinance to account for this act if necessary. Effective when the act becomes law and expires on June 30, 2016.