Creates the water pollution account and requires the department of ecology to develop criteria for administering the program and ranking projects for funding.. Imposes a fee on the first possession of petroleum products that contribute to storm water pollution to offset the harm caused by petroleum pollution of storm water. (See also Companion SB 5518).   Official Text and Analysis.

To create the Water Pollution Account for mitigating and preventing storm water pollution from petroleum products. Authorizes a $1.50 per barrel fee on the first possession of petroleum products that contribute to storm water pollution. Allocates funds through a competitive grant process and to the Department of Ecology for funding existing storm water grant programs and low-impact development retrofit projects and capital projects that address petroleum contamination of storm water through the implementation of the National Pollutant Discharge Elimination System programs.

To eliminate the start date that indicates when local governments must begin to demonstrate certain criteria in order to qualify for funding.