Subject to approval by the voters at the November 6, 2012, general election, amends Section 15 of Article II of the North Carolina Constitution (regarding the Speaker of the House) and amends Section 14 of Article II of the North Carolina Constitution (regarding the President Pro Tempore of the Senate) to provide that neither the Speaker of the House (Speaker) nor the President Pro Tempore (President Pro Tem) of the Senate may serve more than three consecutive terms. Provides that the initial convening of a regular session of the General Assembly constitutes a new General Assembly and that only service as Speaker or President Pro Tem during any part of an odd-numbered year constitutes service as Speaker or President Pro Tem for that General Assembly for the purposes of this section. Directs that service as Speaker or President Pro Tem in the 2011 and subsequent regular sessions of the General Assembly be considered in applying the term limits.
Subject to approval by the voters at the November 6, 2012, general election, amends Section 2 of Article III of the North Carolina Constitution to require that each candidate for the office of Governor form a joint candidacy with a candidate for Lieutenant Governor (Lt. Governor) so that voters cast a single vote for a candidate for Governor and a candidate for Lt. Governor running together. Upon a majority favorable vote, effective on January 1, 2013, and applies beginning with the 2016 election cycle.