Amends GS 116-6 by amending the terms of members of the UNC Board of Governors (BOG) to require at the regular legislative session in 2020 and every two years thereafter, that eight of the twelve members be elected by the House and Senate as successors for the terms of members expiring June 30 of each odd-numbered year. Beginning in 2021 and every two years thereafter, requires the Governor to appoint four of the twelve members as successors for terms expiring on June 30 of each odd-numbered year. Adds that beginning with the appointments made by the Governor on or after July 1, 2021, no person may be appointed or elected to the BOG for more than three full four-year terms. Provides that appointment for a partial term to fill a vacancy does not count toward the three-term limitation. Makes conforming changes.

Amends GS 116-7 to prohibit a person who engaged in lobbying as a lobbyist on or after June 30 of the prior year from being elected or appointed as member of the BOG. Requires the Governor to fill a vacancy of an appointed seat within 180 days. Makes additional conforming changes.

Makes conforming changes to GS 116-6.1. Effective July 1, 2019. 

Provides that members elected to the BOG before January 1, 2021, will serve their full terms. If there is a  vacancy before January 1, 2021, it must be filled as provided under GS 120-122 upon the recommendation of the Speaker of the House or President Pro Tempore of the Senate, as appropriate.