Finds that the Washington talking book and Braille library is a statewide public library for Washington residents who cannot read conventional books due to blindness, learning disabilities, or physical disabilities, and that the Washington state library has the statutory authority and responsibility for providing these services.

Creates the Washington talking book and Braille library account.

Provides that the legislature transfer from the city of Seattle to the state of Washington title to or all interest in real estate, choses in action, and all other assets including, but not limited to, buildings, facilities, equipment, and appurtenances thereto obtained with state or federal funds appropriated, budgeted, or granted for Washington talking book and Braille library purposes.

Directs the attorney general to prepare a deed in the name of the state conveying to the state of Washington all of the rights, title, and interest in the real estate described in this act.

Declares that the secretary of state shall not sell, lease, rent, or otherwise dispose of the property transferred from the city of Seattle to the state of Washington pursuant to this act for a minimum of five years after the effective date of this act.

Creates the Washington talking book and Braille library account in the custody of the state treasurer.

Recognizes that the Washington talking book and Braille library account receive its proportionate share of earnings based upon the account's average daily balance for the period.

Finds that the memorandum of understanding between the city of Seattle and the state of Washington, executed June 21, 1993, is null and void.