Amends GS Chapter 88A, the Electrolysis Practice Act, as follows: (1) repeals GS 88A-7 which made funds collected by the North Carolina Board of Electrolysis Examiners [the Board] subject to the Executive Budget Act and oversight by the State Auditor; (2) amends GS 88A-8 to authorize the Board to directly control expenditures of funds held by the Board and to require the Board treasurer or executive director to deposit Board funds in an insured financial institution; (3) amends GS 88A-9 to establish a $100 reexamination fee and a $25 returned check fee; (4) amends GS 88A-11.1 to authorize the Board to waive the laser hair practitioner certification course requirement upon documentation of laser hair removal experience before October 1, 2007; (5) amends GS 88A-13 to authorize the Board to approve all continuing education requirements and changes the annual continuing education requirement from a minimum of 10 hours to a maximum of 10 hours; (6) amends GS 88A-17.1 to provide that serving as a qualified instructor may satisfy practice requrement for licensure; and (7) makes other technical and conforming changes. Effective October 1, 2012.