Repeals the following: (1) Article 22D of GS Chapter 163 (North Carolina Public Campaign Fund); (2) Article 22J of GS Chapter 163 (Voter-Owned Elections Act); and (3) GS 105-159.2 (Designation of Tax to North Carolina Public Campaign Fund). Makes conforming changes to GS 163-278.5 (scope of article; severability) deleting references to repealed Articles 22D and 22J of GS Chapter 163. Also deletes reference to Articles 22E (Electioneering Communications) and 22F (Mass Mailings and Telephone Banks: Electioneering Communications) of GS Chapter 163, which were previously repealed effective September 23, 2010. Directs that the monies in the NC Public Campaign Fund and in the North Carolina Voter-Owned Elections Fund revert to the General Fund.
Also makes conforming changes to GS 163-278.13 (Limitation on contributions) deleting provisions referencing repealed Articles 22D and 22J of GS Chapter 163. Amends GS 163-278.13 to prohibit an individual from making a contribution to any political party in excess of $250,000 for that election and prohibits any political party from accepting or soliciting any monetary or other contribution valued in excess of $250,000 from any individual for that election.
Effective July 1, 2011.