NC H315

Requires the Local Government Commission to estimate total interest costs on proposed municipal bonds using current interest rates and include this estimate in the approval order.

Modifies ballot language for local bond referendums to display the estimated total amount of principal, interest, and total debt cost alongside the bond amount.

Extends similar disclosure requirements to state general obligation bonds, requiring the State Treasurer to calculate and display estimated interest costs on ballots.

Clarifies that ballot approval language indicates the bond "does not require" issuance, emphasizing voter discretion.

Takes effect immediately upon enactment and applies to all bonds proposed after the effective date.