Requires the state to use funding identified for the state route number 520 bridge to replace the floating bridge first and have the bridge open to traffic by 2014 as promised by the governor during the 2008 legislative session.

Directs the department of transportation to use funding of one billion nine hundred fifty-five million dollars for the state route number 520 bridge replacement and HOV project to construct the floating bridge replacement section of the project first using the design identified in RCW 47.01.408.

Declares that only postconstruction tolls will be used to finance in part the remaining portions of the state route number 520 project after construction of the floating bridge.