House committee substitute to the 1st edition makes the following changes. Deletes the content of the previous edition and replaces it with the following. 

Amends GS 115-238.62 to allow a participating unit to withdraw from a regional school by adopting a resolution requiring withdrawal and submitting a copy to the regional school board of directors; sets out information that must be included in the resolution, including a timeline for implementing withdrawal that ensures that students currently enrolled in the regional school may remain enrolled until graduation. Requires the regional school board of directors (board of directors), at its next meeting held more than 10 days after receiving the resolution, to provide an opportunity for public comments. Allows the board of directors, following public comment, to approve the resolution with a vote of at least two-thirds of the membership of the board of directors, subject to consideration by the State Board of Education. Requires the State Board of Education (State Board), after receiving the resolution conditionally approved by the board of directors, at its next meeting held more than 10 days after receipt of the resolution, to provide an opportunity for public comment. Allows the State Board, after public comment, to give final approval of the resolution by a majority vote of the State Board and upon final approval, authorize the participating unit to begin implementation of the withdrawal plan. Requires a participating unit to continue all of the following until it receives final approval for withdrawal: (1) receipt of allotments for student seats, (2) transfer of local funds to the regional school, (3) provision of transportation substantially similar to the transportation provided to the students in the prior school year, and (4) compliance with all other requirements of the Part.   

Deems null and void any action by a local board of education to withdraw from a regional school or terminate participation in a regional school except as provided in this act, if that local board has previously adopted a resolution to create or join a regional school that was approved by the State Board.  

Makes conforming changes to the act's titles.