Allows Holly Springs and Fuquay-Varina to contract for the construction of public infrastructure projects without being subject to Article 8 (governing public contracts) of GS Chapter 143 if: (1) the Town Council adopts a resolution approving the exemption of a public infrastructure project from the competitive bidding requirements in Article 8; (2) the Town Council conducts an annual independent audit of all contracts for construction work otherwise subject to the competitive bidding requirements of Article 9 (appears to intend Article 8) of GS Chapter 143; (3) the Town Council makes public any contracts awarded according to this act; and (4) the Town Council, after awarding the contract, prepares, places in the public files, and makes available to the public a document setting out the reasons for using the authority granted by this act. Applies to contracts entered into on or before December 31, 2030.