Amends GS 115C-435 (pertaining to school finance officers) to specify that the terms and conditions of employment for school finance officers must mirror the terms and conditions of employment for assistant superintendents and associate superintendents insofar as they are outlined in subsections (b) and (c) of GS 115C-278 (pertaining to terms of employment and contract requirements for the assistant and associate superintendent). Makes organizational, conforming changes to GS 115C-278 to divide the text there into subdivisions GS 115C-278(a)-(c).  Applies to contracts entered into between school finance officers and local boards of education after the act becomes law.