NC H248

Requires finance officers to file a statement estimating total interest costs on bonds at the time bond orders are introduced, including assumptions and qualifications that actual interest may differ significantly.

Mandates publication of estimated interest amounts in notices for both introduced and adopted bond orders, with language stating the estimate is preliminary and for informational purposes only.

Changes ballot language for bond referendums to explicitly state "plus interest" and note that "additional taxes may be levied in an amount sufficient to pay the principal of and interest on the bonds."

Protects bond validity by prohibiting challenges based on differences between estimated and actual interest costs when bonds are issued.

Becomes effective September 1, 2013, applying only to bond orders introduced on or after that date.