Provides for the purpose of providing needed capital improvements consisting of the predesign, design, acquisition, construction, modification, renovation, expansion, equipping, and other improvements of skill centers facilities, including capital improvements to support satellite or branch campus programs for underserved rural areas or high-density areas, the state finance committee is authorized to issue general obligation bonds of the state of Washington in the sum of one hundred three million dollars, or as much thereof as may be required, to finance all or a part of these projects and all costs incidental thereto.

Creates the skill centers building account.

Requires the superintendent of public instruction to adopt rules that set as a goal a ten percent minimum local project contribution threshold for major skill center projects, unless the superintendent determines there is a compelling rationale not to do so.