If this bill were to become law, it would update current statutes by requiring the Arizona State Land Department (ASLD) to initiate a public stakeholder process within 120 days of the bill's effective date. This process would be aimed at adopting a procedure for allocating Central Arizona Project (CAP) water that is currently allocated to the ASLD, specifically for parcels of state trust land that may be sold or leased. The new language emphasizes the need for a structured approach to water allocation, which is currently not mandated.

The bill would insert specific provisions regarding the allocation of CAP water, including a reference to the U.S. Secretary of the Interior's final allocation dated January 10, 1983. This addition aims to clarify the responsibilities of the ASLD in managing water resources associated with state trust lands. There are no deletions from the current law, meaning that existing statutes remain intact while new requirements are added to enhance the allocation process.