This bill mandates the Department of Transportation to issue a request for proposals (RFP) for the utilization of the Conway Branch rail line as an operational railroad. The RFP will be open to both common and private carriers, with a deadline set for October 1, 2025. Additionally, the bill requires the rail division to evaluate the costs and potential income associated with removing rail and ties to create a safe surface for recreational use on the existing trackbed. The department is tasked with seeking funding for any necessary trail improvements through private donations, grants, or the sale of existing steel rails, and must present its findings and recommendations to various stakeholders by January 2, 2026.

Furthermore, the bill establishes a study committee to explore the future of railroads in New Hampshire. This committee will consist of four members from the House of Representatives and two members from the Senate, with members receiving mileage compensation for their duties. The committee is required to report its findings and legislative recommendations by November 1, 2025, and submit a final report by November 1, 2026. The first meeting of the committee must occur within 45 days of the bill's effective date, which is set for July 1, 2025, for Section 1, while the rest of the act takes effect upon passage.