Amends GS 105-507.2 (Levy and collection of sales and use tax), by making conforming changes and adding new subsection GS 105-507.2(b), providing that, notwithstanding GS 105-473(d), no termination of taxes pledged to bonds issued by a unit of local government in the county and levied, imposed, and collected under this Article will be effective until the end of the fiscal year in which either the final payment or provision for final payment is made on the bonds outstanding on the date of the resolution adopted by the board of county commissioners, pursuant to GS 105-473(b).

Amends GS 159I-30(g)(3) (Definitions), clarifying and adding to the definition of project to include public transportation facilities.