Requires the director of the school of forest resources of the University of Washington to: (1) Coordinate the existing school of forest resources' cooperatives and centers to promote a more holistic, efficient, and integrated approach to broaden its research program to address the issues facing the forest section; and

(2) Appoint a policy advisory board to advise the director on policies for the institute of forest resources that are consistent with the purposes of the institute.

Creates a timber recovery fund board which is responsible for allocating grants and loans for the protection of working forest lands.

Requires the recreation and conservation office to: (1) Provide necessary grants and loan administration support to the timber recovery fund board; and

(2) Provide necessary coordination with the institute of forest resources.

Creates the timber recovery fund board account.