Declares that, by creating the Washington promise scholarship program, the legislature intended to strengthen the link between postsecondary education and K-12 education for academically successful high school graduates from low and middle-income families. Providing adequate funding for this program signifies the legislature's support for students who work hard and perform well in school but who may not have the financial ability to attend college because they cannot obtain financial aid or because financial aid is insufficient.

Appropriates the sum of six million fifty thousand dollars, or as much thereof as may be necessary, for the fiscal year ending June 30, 2007, from the general fund to the higher education coordinating board for the purposes of the Washington promise scholarship.