Provides a definition for "good neighbor agreement," for purposes of Title 79 RCW (public lands), as follows: An agreement entered into between the state and the United States forest service or the United States bureau of land management to conduct forestland, watershed, and rangeland restoration activities on federal lands, as originally authorized by the 2014 farm bill.

Creates the fish and wildlife federal lands revolving account.

Requires receipts from the proceeds of good neighbor agreements, implemented by the department of fish and wildlife, and legislative transfers, gifts, grants, and federal funds designated for use in conjunction with a good neighbor agreement, implemented by the department of fish and wildlife, to be deposited in the account.

Creates the natural resources federal lands revolving account.

Requires receipts from the proceeds of good neighbor agreements, implemented by the department of natural resources, and all legislative transfers, gifts, grants, and federal funds designated for use in conjunction with a good neighbor agreement, implemented by the department of natural resources, to be deposited into the account.