Amends Section 27.8(a) of SL 2008-107, as amended, allowing NC to issue or incur special indebtedness (1) in the maximum aggregate principal amount of $10 million (rather than $25 million) to finance capital improvement costs of acquiring state land throughout the University of North Carolina, and (2) in the maximum aggregate principal amount of $10 million (rather than $50 million) to finance the capital improvement costs of acquiring state park lands and conservation areas for the Land of Tomorrow initiative in the Department of Environment and Natural Resources. Makes conforming changes. Deletes provision authorizing special indebtedness to finance a horse park in Rockingham County for NC Agricultural and Technical State University. Repeals Sections 30.4(b), 30.7, and 30.11 in SL 2010-31. Prohibits the reauthorization or funding for any of the projects deauthorized by this act, to the extent of the deauthorization.