House Concurrent Resolution No. 34 reaffirms Idaho's rights under the Amended Bear River Compact of 1980, which governs the distribution of water from the Bear River among Idaho, Utah, and Wyoming. The resolution emphasizes the importance of the Bear River for the agricultural, municipal, and recreational economies of southeastern Idaho, particularly for Bear Lake and surrounding counties. It outlines Idaho's entitlement to the first 125,000 acre-feet of water in the Lower Division of the Bear River and expresses the state's commitment to actively manage and develop this water allocation to prevent loss or subordination, especially in light of growing demands from downstream users and potential federal encroachment.

The resolution directs the Idaho Water Resource Board to invest in data collection and feasibility studies for water management projects, including new storage sites and aquifer recharge initiatives, while ensuring that these efforts do not harm Bear Lake's natural hydrology. It also mandates the preparation of two reports detailing the current state of water development and recommendations for future projects, with deadlines set for June and September 2026. Additionally, the resolution emphasizes the need for collaboration on water quality and invasive species control without compromising Idaho's rights to its compact allocation, and it requires consultation with legislative leadership before any agreements regarding the Bear River or Bear Lake are made with other states or utilities.