Creates the bicycle and pedestrian grant account.

Requires a certain net tax amount from the motor vehicle fund to be distributed to the transportation improvement board, the county road administration board, the freight mobility investment account, and the connecting Washington account.

Requires the state treasurer to transfer from the multimodal transportation account: (1) 35,224,000 dollars each fiscal biennium to the rural mobility grant program account;

(2) 77,680,000 dollars each fiscal biennium to the regional mobility grant program account;

(3) 14,670,000 dollars to the complete streets grant program account;

(4) 10,380,000 dollars to the bicycle and pedestrian grant account; and

(5) 8,511,000 dollars to the freight mobility multimodal account.