Authorizes counties to: (1) Pledge and use distributions from the Puget Sound taxpayer accountability account to pay debt service on county bonds if the proceeds from the bonds are used for facilities or program costs for children and youth that are low-income, homeless, in foster care, or other vulnerable populations; and

(2) Use distributions from the account to start endowments to provide support for improving educational outcomes in early learning, K-12, and higher education.