Creates the Washington investment in excellence account.

Directs lottery account moneys toward the Washington investment in excellence account and requires those funds to be used for the recruitment of entrepreneurial researchers, innovation partnership zones and research teams, state work-study, opportunity grants, educational opportunity grants, get ready for math and science scholarships, passport to college promise scholarships, college bound scholarships, and Washington promise scholarships.

Continues funding the education construction fund by redirecting a portion of general state revenues to that fund.