NC S265

Requires local government finance officers to file detailed disclosure statements before public bond hearings, including estimated total interest costs, property tax rate increases needed, and available two-thirds bonds capacity.

Mandates that bond disclosure statements include disclaimers that estimates are preliminary, assumptions may not occur, and actual costs may differ significantly from projections without affecting bond validity.

Authorizes the Local Government Commission Secretary to require local units and public authorities to report material adverse events affecting financial health within 30 days and to adopt policies defining reportable events.

Increases finance officer fidelity bond requirements to the greater of $50,000 or 10% of annually budgeted funds (up to $1,000,000), effective January 1, 2023.

Allows charter schools to participate in the State Treasurer's ancillary governmental participant investment program and permits charter schools to deposit closure reserve funds with the State Treasurer for investment purposes.