This bill proposes to 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. Additionally, the bill includes a provision for the appropriation of $1,000,000 from the long-term water augmentation fund for the fiscal year 2024-2025 to support these actions, and it exempts this appropriation from lapsing provisions until June 30, 2026.

Furthermore, the bill establishes a sunset clause, stating that the section will be repealed after June 30, 2026. It also designates the act as an emergency measure, allowing it to take effect immediately to address urgent public needs related to water resource management. Overall, the bill introduces new legal mechanisms and funding to enhance the state's ability to manage its water rights effectively.