Intends to provide greater state financial assistance to maintain Washington's working forest land base through the creation of a funding board to make grants and loans on a competitive basis that support protection of working forest land and that assist in developing innovative strategies for supporting economically and environmentally healthy forests and forest-dependent communities.

Creates a working forest land board that is responsible for allocating grants and loans for the protection of working forest lands to certain projects and activities.

Creates a working forest land account.

Makes an appropriation of ten million dollars from the general fund to the working forest land account for the purposes of this act.