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 the work group to explore mechanisms to streamline and make more efficient permitting processes for wave and tidal power projects, and to provide a final report on its findings and recommendations to the legislature by June 30, 2010.