-Removes the statutory cap for regional four-year colleges and research universities in Washington for the 2009-11 biennium (Sec. 1).
-Requires institutions of higher education to include information on their billing statements notifying students of tax credits available through the American opportunity tax credit provided in the American Recovery and Reinvestment Act of 2009 (Sec. 1).
-Requires the higher education coordinating board, in coordination with higher education stakeholders, to review options and make recommendations on a tuition policy that allows flexibility, accessibility, and differentiation among Washington's various public baccalaureate tuition rates (Sec. 2).
-Requires the joint legislative audit and review committee to complete a systemic performance audit of the state universities, regional universities, and The Evergreen State College in order to create a transparent link between revenues, expenditures, and performance outcomes (Sec. 3).