Official Text and Analysis.

Removes the provisions for bond authorization and provides direction to the Office of Chehalis Basin to develop a project list with certain information requirements and submit a report containing a finalized strategic plan with an implementation schedule. Specifies the legislative intent to review the report by joint committee. Creates the Chehalis Basin Taxable Account in the Treasury. The effect of the second Senate amendment is to clarify legislative intent to continue providing significant funding to the Office of Chehalis Basin, and sets the expectation that future funding requests will be consistent with amounts of previous requests.