Requires the department of community, trade, and economic development and the energy facility site evaluation council to convene and cochair a work group to develop the Washington state center for excellence in hydrokinetic energy and develop a unique one-stop permit process for both wave power and tidal power projects.

Requires the work group to ensure that the center is a public-private entity and that the center supports a sustainable approach to hydrokinetic energy development aimed at economic development, environmental protection, and community stability, and to make certain recommendations to the legislature.

Requires the work group to provide a report to the appropriate committees of the legislature containing its recommendations as well as draft legislation implementing its recommendations, by December 1, 2008.

Requires, by June 30, 2010, the work group to provide a final report to the legislature on the one-stop programmatic permitting process proposed by the work group as required by this act.