Makes the following changes, applicable to Guilford County only. Amends GS 105-538 by requiring that the net proceeds of a tax levied under Article 46 (one-quarter cent sales and use tax) be used only for (1) any public purpose or (2) public school capital outlay purposes. Requires that when the tax is levied for a public school outlay purpose, then the county must maintain at least the same amount of public school capital outlay funding as in the fiscal year before the one in which voters approve the ballot measure, using sources other than this tax. Makes organizational changes. Makes conforming changes to GS 105-537 concerning the ballot language.

Appropriates $25,000 for 2022-23 from the General Fund to Guilford County for preparation for a referendum on the issue of the levy of the tax. Effective July 1, 2022.