This bill proposes updates to current statutes by introducing a new process for the allocation of water from the state land department. Specifically, it mandates that within one hundred twenty days of the bill's effective date, the state land department must initiate a public stakeholder process to establish a procedure for allocating central Arizona project water. This water is currently allocated to the state land department based on a final allocation from the United States secretary of the interior dated January 10, 1983, and the new procedure will focus on parcels of state trust land that may be sold or leased.

The bill does not alter any existing statutes but adds new provisions to enhance the management of water resources related to state trust land. The insertion of this language aims to ensure a more transparent and participatory approach in the allocation process, reflecting current needs and priorities for water use in Arizona.