Creates a salt water algae account. Funds in the account may be appropriated to the department of ecology to develop a saltwater aquatic algae control grant program. Funds must be expended as grants to cities, counties, tribes, special purpose districts, and state agencies for capital and operational expenses used to manage and study excessive saltwater algae with an emphasis on the periodic accumulation of sea lettuce on Puget Sound beaches. Expires June 30, 2012. See also SB 5412.   Official Text and Analysis.