Provides that funding allocated for transportation projects in Pierce county, identified in the regional transportation investment plan submitted to voters at the 2007 general election under RCW 36.120.070(2), must be allocated based upon completing projects in the following priority order: (1) State route number 167 extension stage 1: Connect state route number 509 to Interstate 5 with no high-occupancy vehicle lanes or high-occupancy vehicle lane freeway-to-freeway connections;

(2) State route number 704 (Cross-Base Highway); and

(3) State route number 167 extension stages 2 and 3: New section of state route number 167 from Interstate 5 to state route number 161 in the city of Puyallup, including a connection to Interstate 5, but not to include high-occupancy vehicle lanes or high-occupancy vehicle lane freeway-to-freeway connections. Stage 3 must include an interchange at Valley Avenue.