The proposed bill establishes the Yuma Area Water Banking Study Committee, which is tasked with developing legislation to create a water banking authority for Yuma County. This authority would manage the banking of excess Colorado River water. The committee will consist of two members from the Senate, four from the House of Representatives, and seven from the Yuma Area Agricultural Council, all representing the Yuma area.

The committee members, except those from the Agricultural Council, will not receive compensation but may be reimbursed for expenses. The committee is to select a chairperson, meet as deemed necessary, and submit a report with recommendations for legislative action by January 1, 2025. The Department of Water Resources will provide support and information to the committee. The bill stipulates that this section will be repealed on September 30, 2026.