Requires the Department of Transportation (DOT) to study the cost and potential economic benefits of a commuter rail service linking dense population centers in the North Carolina Piedmont Triad; requires the study to incorporate population and development growth projections through the year 2050. Sets out six issues that must be considered as a part of the study, including daily ridership estimates and projected annual operation costs.

Requires DOT to report to the specified NCGA committee and division by December 29, 2024, on the study and any recommendations for planning and construction of a commuter rail service in the Piedmont Triad.

Allows $100,000 of the funds appropriated from the Highway Fund to DOT for 2023-24 to be used for the study.

Effective July 1, 2023, and expires December 29, 2024.