Provides that when a public utility district constructs or operates a hydroelectric project or power generation facility on the Columbia river, and the facility is located in a distressed county as defined in RCW 43.160.220 with less than twenty-five percent of its land mass subject to local property taxes, the public utility district shall negotiate an agreement with the county in which the project or facility is located. The purpose of the agreement is for the county and the public utility district to share in the reasonable benefits derived from the facility.