Declares an intent to impose a burden offset charge, a regulatory fee on entities that cause petroleum products to be present in the state, in order to allocate and recover the proportional costs of the public programs necessary to address the negative impacts from this substance on the state's waters.

Creates the water pollution account.

Requires the department of ecology to develop criteria for administering the program and ranking projects for funding. In developing these criteria, the department shall consult with the Puget Sound partnership. The department shall endeavor to distribute the moneys within each geographic region of the state in proportion to the severity of impacts on the state's waters from petroleum contamination.

Imposes a fee on the first possession of petroleum products that contribute to storm water pollution for the purpose of offsetting the harm caused by petroleum pollution of storm water in this state.