Creates the 14-member Joint Legislative Study Committee on Alternative Currency (Committee) to study whether North Carolina should adopt an alternative currency in the event of a major breakdown of the Federal Reserve System. Sets forth appointment procedures, meeting guidelines, and additional operating details. Directs the Committee to make a final report, including any proposed legislation, to the 2012 Regular Session of the 2011 General Assembly upon its convening, and to terminate at the earlier of the report filing or the session convening. Includes whereas clauses.