Requires Department of Transportation to study options for expanding passenger rail service in Oregon. Directs department to submit findings to interim committees of Legislative Assembly related to transportation not later than September 15, 2024. Provides that any agreement related to providing ultra-high-speed ground transportation in this state must include service to Eugene. Prohibits department from expending in any biennium more than 50 percent, or $1 million, whichever is less, of moneys available to department for passenger rail service, on ultra-high-speed ground transportation. Declares emergency, effective on passage.