Requires the boards of regents of the state universities, the boards of trustees of the regional universities and The Evergreen State College, and the boards of trustees of each community and technical college district, in collaboration with affiliated bookstores and student and faculty representatives, to adopt rules requiring that: (1) Affiliated bookstores disclose certain information to students on required course materials at least two weeks before the start of the class for which the materials are required; and

(2) Faculty and staff members consider the least costly practices in assigning course materials, such as adopting free, open textbooks when available, and working with college librarians to put together collections of free online web and library resources.

Authorizes the chief academic officer to waive the disclosure requirement on a case-by-case basis.