As title indicates establishes the 19 member Commission. Sets the membership, procedures and duties for Commission to study matters relating to NC’s educational needs, including the cost and a plan for implementing a longer school year, the impact of summer educational loss, the cost of remediation in public schools and public colleges, and the impact of current calendar on low-income and at-risk students and on math and science scores. Requires interim report be submitted to the 2012 session of the 2011 General Assembly and final report be submitted to the 2013 General Assembly. Requires Legislative Services Commission to fund the study and commission. Effective July 1, 2011.