Allows local jurisdiction to approve development that causes the level of service on a locally owned transportation facility to decline below standards adopted in the transportation element if: (1) The proposed development is within a designated regional growth center;

(2) The legislative authority of the jurisdiction exempts the regional growth center from the concurrency requirements of this act;

(3) The proposed development utilizes transferred development rights originating from a rural area or from agricultural or forest lands designated under RCW 36.70A.170; and

(4) The jurisdiction has adopted in its comprehensive plan and development regulations long-term strategies to support and fund mobility within the regional growth center, including alternative modes of transportation.