Creates the 17-member Joint Legislative Study Commission on Modernizing the Regulation of Pawnbrokers, Precious Metals Businesses, and Scrapyards (Commission) to examine relevant statutes to (1) increase detection of the sale of stolen property, (2) increase the statutes’ comprehensiveness, and (3) consolidate the statutes in a single chapter or article. Details the Commission membership, provides additional administrative details, and directs the Commission to report findings to the 2012 General Assembly. Directs all state departments, agencies, and local governments to provide required information to the Commission. Appropriates $30,000 for 2011-12 from the General Fund to the General Assembly to support the Commission. Effective July 1, 2011.