Declares an intent to provide greater state financial assistance to maintain Washington's working forest land base through creation of the timber recovery fund board to make grants and loans on a competitive basis that support protection of working forest land and that assist in developing innovative strategies for supporting economically and environmentally healthy forests and forest-dependent communities.

Requires the institute of forest resources to establish and maintain a forest land database that may include forest and forest characteristics, parcel level information, ownership, streams, roads, wetlands, and geological features.

Creates the timber recovery fund board account.