Creates the water infrastructure program to fund certain projects.

Requires the water infrastructure program to be administered as a competitive grant program to evaluate and rank projects proposed by sponsors.

Requires the office of Columbia river to review proposed projects designed to increase the availability of water for out-of-stream beneficial uses.

Requires the office of Chehalis basin to review proposed projects designed to reduce the risk of flooding, protect against damage that may be caused by flooding, and restore areas where flooding has occurred.

Requires the fish passage barrier removal board to review proposed projects designed to improve fish passage.

Requires the department of ecology to: (1) Review proposed projects designed to reduce stormwater pollution from existing development;

(2) Establish advisory committees to ensure that the program is administered with due consideration for the views of individuals and organizations that have demonstrated their interest in water management in the state; and

(3) Monitor progress in completing projects and achieving desired outcomes for projects funded under the program.

Creates the water infrastructure program account, the water infrastructure program bond account, and the water infrastructure program taxable bond account.