Establishes the Central Texas Water Alliance as a regional water authority with powers to issue bonds, exercise eminent domain, and impose fees.

The bill creates the Central Texas Water Alliance, a regional water authority, to manage water and wastewater services. It outlines the alliance's powers, including acquiring water sources, constructing facilities, and issuing bonds. The alliance can exercise eminent domain for necessary property acquisitions but not for groundwater rights. It can also establish rates and fees for services. The board of directors, appointed by sponsors, governs the alliance and can remove sponsors.

Establishes the Central Texas Water Alliance as a regional water authority with powers to issue bonds, exercise eminent domain, and impose fees.

The bill creates the Central Texas Water Alliance, a regional water authority, to manage water and wastewater services. It outlines the alliance's powers, including acquiring water sources, constructing facilities, and issuing bonds. The alliance can exercise eminent domain for necessary property acquisitions but not for groundwater rights. It can also establish rates and fees for services. The board of directors, appointed by sponsors, governs the alliance and can remove sponsors.