Authorizes the director of fish and wildlife or the director's designee to distribute money appropriated to reimburse the owner of commercial livestock that has been killed by predatory wildlife, or injured by predatory wildlife to such a degree that the market value of the commercial livestock has been diminished, if during the current fiscal biennium the department has received appropriations from either the state wildlife account or the general fund above the amounts specified in RCW 77.36.070 and 77.36.080 for the reimbursement of damage to commercial livestock.

Creates the commercial livestock valuation committee to assist the director with the determination of the market value of killed or injured commercial livestock for the purposes of reimbursing the owner under RCW 77.36.040.

Prohibits the department of fish and wildlife to pay no more than the amount indicated for predatory wildlife damage in the current fiscal biennium's appropriation to the department from the state wildlife account for claims under RCW 77.36.040 and for assessment costs and compromise of predatory wildlife claims.