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 appropriates $1,000,000 from the long-term water augmentation fund for the fiscal year 2024-2025 to support these efforts, with the appropriation exempt from lapsing provisions until June 30, 2026.

Furthermore, the bill includes a provision for the repeal of this section after June 30, 2026, and states that it is an emergency measure, making it effective immediately. The current law remains unchanged, while the new provisions will enhance the state's ability to manage its water rights and resources in relation to the Colorado River Compact.