Senate committee substitute makes the following changes to the 2nd edition.

Instead of amending LS 1961-141, consolidates and enacts the proposed changes of the previous edition concerning the Economic Development Commission (Commission) of Stanly County as a stand alone, uncodified provision. Makes the substance of the act identical to the previously proposed changes to SL 1961-141, with the exception that the act sets the terms of office for Commission members to commence on June 1 and end on May 31 (previously, to commence on April 1 and end on March 31). 

Adds provisions setting out that the purpose of the act is to consolidate certain acts concerning the Commission, and that the intent of the General Assembly is to continue without interruption those provisions expressly consolidated into the act so that all rights and liabilities that have accrued are preserved and can be enforced. Provides that the act does not repeal or affect any acts concerning the property, affairs, or government of public schools or any acts validating official actions, proceedings, contracts, or obligations of any kind. 

Expressly repeals the following, which have been consolidated into the act or have served their purpose: SL 1961-141, SL 1965-706, SL 1975-355, SL 1983-237, SL 1987-185, SL 1987-928, SL 1995-595, Sections 2 and 3 of SL 2009-253, and Section 3 of SL 2011-175.

Provides that the terms of all members serving on the Commission expire May 31, 2017 (previously, March 31, 2017), and requires all appointees to serve until their successors have been appointed and qualified. 

Provides that the act does not affect any rights or interests that arose under any provisions repealed by the act. Establishes that all existing ordinances, resolutions, and other provisions of Stanly County not inconsistent with the provisions of the act remain in effect until repealed or amended. Adds that no action or proceeding pending on the effective date of the act by or against Stanly County or any of its departments or agencies can be abated or otherwise affected by this act. Provides for later changes to the statutes referenced in the act, establishing that the reference is to be deemed amended to refer to the amended statute or the statute that most clearly corresponds to the statutory provision later superseded or recodified.

Makes conforming changes. Changes the act's long title.