This bill would update current statutes by authorizing the state to take legal action to enforce its rights under the Colorado River Compact of 1922. Specifically, it allows the director of the Department of Water Resources to initiate actions to protect and enforce the state's rights under the compact, which is a new provision not currently included in the law. Additionally, the bill appropriates $1,000,000 from the long-term water augmentation fund for the fiscal year 2024-2025 to support these actions, which is also a new financial provision.

Furthermore, the bill includes a stipulation that the appropriation is exempt from lapsing provisions until June 30, 2026, and it establishes a sunset clause that repeals this section after that date. The bill is classified as an emergency measure, indicating its immediate necessity for public safety and welfare, which would allow it to take effect right away upon passage.