Removes the state treasurer's requirement to transfer the entire budget stabilization account deposit, for the 2015-2017 fiscal biennium that is attributable to extraordinary revenue growth, into the state general fund.

Increases the cap on the 2017-2019 transfer of extraordinary revenue growth from the budget stabilization account to the state general fund.

Makes appropriations from the budget stabilization account: (1) To the pension funding stabilization account;

(2) To the disaster response account for disaster response and recovery efforts;

(3) For Washington state fire service resource mobilization costs incurred in response to an emergency or disaster for wildfires; and

(4) For fire suppression costs incurred by the department of natural resources during the 2016 fire season.