The proposed bill establishes the Washington Dream Act Service Incentive Grant Program, aimed at providing financial grants to eligible students who engage in community or volunteer service. The program will be administered by the Office of Student Financial Assistance, which will develop guidelines and enter into agreements with various institutions and organizations. Starting in the 2025-26 academic year, grants will be awarded based on students' financial needs, calculated through the Washington application for state financial aid. Eligible students must be residents, enrolled in an institution of higher education, and demonstrate financial need, while also not qualifying for federally funded financial aid due to their immigration status.

The bill outlines specific requirements for both students and participating organizations. Students must complete a certain number of service hours, which cannot exceed 19 hours per week and must not involve political or religious advocacy. Organizations eligible to participate include governmental entities, educational institutions, and certain nonprofit and for-profit entities, provided they register with the office and comply with relevant laws. The bill also stipulates that grant awards will not replace other forms of financial aid and mandates that the office establish a verification process for completed service hours. Additionally, the act will be null and void if specific funding is not provided by June 30, 2025.