Amends GS 163-165.7(a)(1), directing that the amount of bonds or letters of credit posted by a vendor to cover damage resulting from defects in the voting system, expenses associated with decertification of the voting system, and to protect against the vendor's insolvency or inability to make mandated modifications or updates, must be based on the estimated cost of conducting elections in the counties in which the vendor operates (was, in an amount sufficient for the cost of a new statewide election or $10 million, whichever is greater). Applies to bonds or letters of credit on or after the date act becomes law.