Rebuild a Better NC Bond Act (S766)

• Authorizes $3 billion in general obligation bonds for infrastructure improvements, subject to voter approval in a statewide election on November 3, 2020

• Bond proceeds allocated to public schools, community colleges, University of North Carolina, and local government infrastructure projects based on recommendations from state leadership and an 11-member prioritization committee

• Requires local matching funds for public school and community college projects, with match rates varying by economic development tier (1:3 to 1:1 ratios), with no single project receiving more than $300 million

• Establishes the "Rebuild NC Bonds Fund" to track and disburse proceeds, with the State Treasurer authorized to issue bonds and notes with maturities up to 40 years and variable interest rates

• Credits any public school bond funds expended against the state's judgment in N.C. School Boards Association v. Moore litigation