Enacts new GS 160A-88 to require all members of governing boards of cities, counties, local boards of education, unified governments, sanitary districts, and consolidated city-counties to complete a statement of economic interest as if that member were a public servant as defined in GS 138A-3. Prohibits those members from mentioning or allowing another person to mention the member's public position in nongovernmental advertising that advances the private interest of the member or others. Prohibits those members from using or allowing the use of public funds for any advertisement or public service announcement in a newspaper, on radio, television, magazines, or billboards that contain that member's name, picture, or voice, except in the case of local, state, or national emergency and only if the announcement is reasonably necessary to the member's official function; does not apply to fund-raising on behalf of and aired on public radio or public television. Also prohibits those members from using or disclosing nonpublic information gained in the course of the member's official responsibilities in a way that would affect a personal financial interest of the member or any other person.

Makes conforming changes to GS 153A-53.

Effective July 1, 2013. Requires the first statement of interest required by GS 160A-88 to be filed with the clerk to the board on or before October 1, 2013.