Amends GS 115C-426(f) to give the board of county commissioners sole authority to determine the maximum amount to be spent for a site for school purposes. Amends GS 115C-429 to provide that the board of commissioners has sole authority to determine the adequacy of county funds provided for the operating and capital expenses of a local school administrative unit. Provides that nothing in the chapter is to be construed to place a duty on the board of commissioners to provide more funds for the operating or capital expenses of a local school administrative unit than it deems necessary and appropriate to fund the public schools.

Repeals GS 115C-431 (Procedure for resolution of dispute between board of education and board of county commissioners).

Makes conforming changes to GS 115C-432.

Applies to county appropriations for public schools on or after the date that the act becomes effective.