Texas Water Code

§ 15.703 — OPERATION OF THE BANK; RULES

WA § 15.703Title 2. WATER ADMINISTRATION · Part C. WATER DEVELOPMENT · Ch. 15. TEXAS WATER ASSISTANCE PROGRAM · Art. K. TEXAS WATER BANK

Statute text

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(a)The board may take all actions necessary to operate the water bank and to facilitate the transfer of water rights from the water bank for future beneficial use, including but not limited to:

(1)negotiating a sale price and terms acceptable to the depositor and purchaser;

(2)maintaining a registry of water bank deposits and those water users in need of additional supplies;

(3)informing water users in need of additional supply of water rights available in the bank;

(4)encouraging water right holders to implement water conservation practices and deposit the right to use the conserved water into the bank;

(5)establishing requirements for deposit of a water right into the water bank, including minimum terms for deposit;

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Legislative history

Acts 2025, 89th Leg., R.S., Ch. 954 (S.B. 7), Sec. 1.12, eff. September 1, 2025.