As title indicates. Adds new Article 19 to GS Chapter 113A to establish the Conservation Trust Fund Commission (Commission), to consist of 15 members, with members and appointing authorities detailed in bill. Locates the Commission administratively within the Department of Environment and Natural Resources. Commission is authorized to allocate funds from the various funds listed in the bill’s title. Terms of the trustees and board members for the funds listed in title expire on date bill becomes law and an interim board for the Commission is established. Interim board to consist of 14 members, including chairs of the boards eliminated by the bill. Interim board members to be appointed by August 1, 2011, and terms expire on July 31, 2012. Secretary of Department of Natural and Economic Resources and Commissioner of Agriculture are to serve as co-chairs of the interim board. Makes conforming statutory changes and repeals.