Pairs required investments in compensatory environmental mitigation, including the mitigation of transportation projects, with certain existing programs that enhance or preserve riparian and aquatic resources.

Requires the department of ecology and the department of fish and wildlife to: (1) Allow programs that are related to environmental mitigation, or explore the potential of developing new programs, to use the forestry riparian easement program, the riparian open space program, or the family forest fish passage program to mitigate for environmental impacts from projects conducted in the state where compatible with existing regulations; and

(2) Seek federal or private funds and in-kind contributions.

Requires the department of natural resources and the small forest landowner office to assist in identifying potential projects that can be used for the mitigation of infrastructure and noninfrastructure development.