NC H818

Changes how performance bond amounts are calculated for elections vendors in North Carolina by replacing the prior standard of "sufficient for the cost of a new statewide election or $10,000,000, whichever is greater" with a new standard based on estimated costs of conducting elections in counties where the vendor operates.

Requires vendors to post performance bonds or letters of credit to cover damages from voting system defects, expenses from state or federal decertification, and protection against vendor insolvency or inability to implement required modifications or updates.

Specifies that covered damages include costs of conducting new county or statewide elections attributable to system defects.

Becomes effective upon enactment and applies to bonds or letters of credit for vendors issued on or after the effective date.