Provides that, for the purpose of providing funds to finance state park capital facility projects, and all costs incidental thereto, the state finance committee is authorized to issue general obligation bonds of the state of Washington in the sum of one hundred twenty-five million dollars, or as much thereof as may be required, to finance these projects and all costs incidental thereto.

Requires the secretary of state to submit this act to the people for their adoption and ratification, or rejection, at the next general election to be held in this state, in accordance with Article II, section 1 of the state Constitution and the laws adopted to facilitate its operation.