Texas SB740 amends Water Code to expedite acquisition processes for certain water or sewer utilities.

Texas SB740 amends the Water Code to establish an expedited process for municipally owned utilities, counties, water supply or sewer service corporations, or districts to acquire stock or assets of utilities in receivership, supervision, or temporary management. The bill also modifies the criteria for appointing receivers and allows for system improvement charges to recover infrastructure investment costs. The changes aim to ensure higher quality, more affordable, or reliable water or sewer service for retail customers. The act takes effect September 1, 2025.

Texas SB740 amends Water Code to expedite acquisition processes for certain water or sewer utilities.

Texas SB740 amends the Water Code to establish an expedited process for municipally owned utilities, counties, water supply or sewer service corporations, or districts to acquire stock or assets of utilities in receivership, supervision, or temporary management. The bill also modifies the criteria for appointing receivers and allows for system improvement charges to recover infrastructure investment costs. The changes aim to ensure higher quality, more affordable, or reliable water or sewer service for retail customers. The act takes effect September 1, 2025.