Requires the department of natural resources to provide a report to the legislature by December 1, 2018, and each December 1st until the year after the United States fish and wildlife service issues an incidental take permit on the state trust land habitat conservation plan for the long-term conservation strategy for the marbled murrelet.

Requires the report to include: (1) An economic analysis of potential losses or gains from any proposed marbled murrelet long-term conservation strategy selected by the board of natural resources; and

(2) Recommendations relating to actions that support family-wage timber and related jobs, strategies on loss of revenues to the trust beneficiaries, financing county services, and conservation measures for the marbled murrelet that also provide economic benefits to rural communities.

Requires the commissioner of public lands to appoint a marbled murrelet advisory committee to assist the department in developing and providing the report.

Requires the standing committee with jurisdiction over state trust land management from the house of representatives and the senate, each regular legislative session, to each hold a meeting on the report and on the habitat conservation plan update process.