Texas SB1629 amends Water Code to enhance Texas Water Development Board's administration of the Texas Water Bank.

The bill modifies the Texas Water Code to expand the Texas Water Development Board's role in managing the Texas Water Bank. It allows the board to facilitate water transactions, including negotiating sale terms, maintaining a registry of deposits, and encouraging water right holders to implement conservation practices. The bill also specifies uses for the development fund, such as financial assistance for water supply projects and transfers to other funds. It repeals certain sections of the Water Code and takes effect September 1, 2025.

Texas SB1629 amends Water Code to enhance Texas Water Development Board's administration of the Texas Water Bank.

The bill modifies the Texas Water Code to expand the Texas Water Development Board's role in managing the Texas Water Bank. It allows the board to facilitate water transactions, including negotiating sale terms, maintaining a registry of deposits, and encouraging water right holders to implement conservation practices. The bill also specifies uses for the development fund, such as financial assistance for water supply projects and transfers to other funds. It repeals certain sections of the Water Code and takes effect September 1, 2025.