Enacts GS 163-28.1 as title indicates. Requires political subdivisions to remit any private monetary donations received to the State Board of Elections (State Board) within 60 days. Defines private monetary donations to mean all monies given by individuals or private organizations to support the conduct and administration of elections. Requires counties to use funds disbursed by the State Board quarterly from private monetary donations to upgrade voting systems and equipment. Applies to private monetary donations received on or after July 1, 2022.