Finds that existing funding levels are insufficient to meet current and future demands for infrastructure, especially infrastructure that is necessary to accommodate new population growth.

Finds also that the transportation improvement board's urban corridor program provides a mechanism to ensure that infrastructure funding is directed to projects that are necessary to accommodate growth.

Declares an intent to establish requirements pertaining to funding growth infrastructure projects from the urban corridor program, and dedicate funding to the transportation improvement board for grants to fund qualifying infrastructure programs that are consistent with these requirements.

Appropriates the sum of ten million dollars for the fiscal year ending June 30, 2008, from the general fund to the transportation improvement board for the purpose of issuing grants to local governments to accommodate growth under RCW 47.26.282.

Appropriates the sum of ten million dollars for the fiscal year ending June 30, 2009, from the general fund to the transportation improvement board for the purpose of issuing grants to local governments to accommodate growth under RCW 47.26.282.