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 in the state treasury. Proceeds from the bonds issued under this act shall be deposited in the account. The account shall be used for purposes stated in this act. Moneys in the account may be spent only after appropriation.