Includes various whereas clauses.

Establishes the Joint Legislative Study Commission on Civil Penalties, Fines, and Forfeiture (Commission), with 14 members, seven from each legislative chamber. Includes operating procedures and processes for the Commission. Sets out four areas that the Commission must study: (1) payment of the judgment in North Carolina School Boards Association v. Moore, (2) timeline for making such payments, (3) all civil penalties and so forth collected by the state to determine if the amount assessed is appropriate, and (4) any other matter deemed relevant.

Directs the Commission to report the results of the study to the 2016 Regular Session of the 2015 General Assembly. Terminates the Commission on December 31, 2016, or after the filing of its final report, whichever occurs first.