Provides that a marina that leases permanent moorage to vessels must require the following information from the lessee as a condition of leasing moorage space: (1) The name of the legal owner of the vessel;

(2) A local contact person, if different than the owner;

(3) The owner's address and telephone number;

(4) The vessel's hull identification number;

(5) The vessel's coast guard registration, if applicable;

(6) The vessel's home port;

(7) The date on which the moorage lease began; and

(8) The vessel's country or state of registration and registration number.

Provides that, beginning June 30, 2007, and on the last day of March, June, September, and December of each year thereafter until July 1, 2010, the state treasurer shall transfer five hundred thousand dollars to the derelict vessel removal account created under RCW 79.100.100.

Declares that, in order to address the significant backlog of derelict vessels that have accumulated in our state's waters that pose a threat to the health and safety of the people and to our environment, the legislature intends to collect a derelict vessel removal surcharge, until the backlog as it exists on the effective date of this act has been eliminated.

Requires the department of natural resources to submit a list that identifies the backlog of derelict vessels as of the effective date of this act to the appropriate policy and fiscal committees of the legislature. Upon completion of the elimination of the backlog, the department of natural resources shall notify the appropriate policy and fiscal committees of the legislature and the department of licensing, in writing, to suspend collection of the surcharge at the end of the fiscal year in which the backlog has been eliminated. Upon receipt of the notice to suspend collection of the surcharge, the department of licensing shall cease collection at the end of the fiscal year in which the notice is received.

Requires the department of natural resources and the department of revenue to examine the costs and benefits of extending the derelict vessel removal fees and surcharges to the vessels that are not subject to RCW 88.02.050 in order to provide for more equity in the derelict vessel removal program and the fees that support the program. The departments shall submit a report of the findings to the appropriate policy and fiscal committees of the legislature by November 1, 2007.