Amends the short and long titles.

House committee substitute deletes all of the provisions of the 1st edition and replaces them with the following.

Establishes the Drainage Improvement Study Commission (Commission), comprised of 15 members, with six being appointed by the Speaker of the House of Representatives and six to be appointed by the President Pro Tempore, as specified. Remaining members are (1) Director of the Division of Soil and Water Conservation of the Department of Agriculture and Consumer Services, (2) Secretary of the Department of Transportation, and (3) Executive Director of the Wildlife Resources Commission (or their respective designees). Directs the Commission to also consult with and request participation from representatives of the Wilmington District of the US Army Corps of Engineers and the Natural Resource Conservation Service.  Sets out the matters the Commission must study related to the problem of adequate drainage in counties with areas with an elevation less than 124 feet above sea level, including (1) the impact and cost to agriculture, forestry, and property owners from lack of adequate drainage and (2) how much beavers affect the drainage problem.

Sets out requirements and administrative information concerning the Commission.

Directs the Commission to make a final report to the 2016 Regular Session of the 2015 General Assembly. Commission is to terminate on December 31, 2016, or upon the filing of the final report, whichever occurs first.