Creates an 18-member Joint Legislative Study Committee (Committee) as title indicates. Members are to be appointed by the Speaker of the House, the President Pro Tem, and minority leaders of both chambers. Directs the Committee, in its study, to examine alternative conditions of release or pretrial release systems that are not contingent on payment to secure release and the use of GPS monitoring or house arrest in lieu of appearance bonds. Sets out meeting and administrative requirements. Allows the Committee to submit an interim report to the General Assembly by August 1, 2019, and requires a final report by December 31, 2019, at which point the Committee terminates.