The bill is a joint resolution from the Montana Senate and House of Representatives that requests an interim study to assess the feasibility of developing surface and ground water storage in the state. It emphasizes the importance of engineered and natural water storage to address water supply challenges, enhance agricultural production, and ensure food security. The resolution outlines the need for a comprehensive evaluation of existing water storage infrastructure, engineering assessments, impacts on aquatic resources, and the distribution and types of storage projects across Montana. It also calls for the development of a long-term funding strategy to support new and existing water storage projects.

The study is to be conducted by the Water Policy Interim Committee, with findings and conclusions to be presented to an appropriate committee designated by the Legislative Council. The resolution mandates that all aspects of the study be completed by September 15, 2024, and that the final results, including any recommendations, be reported to the 69th Legislature. This initiative aims to ensure that Montana can effectively manage its water resources and meet the needs of its citizens while balancing the protection of existing water rights.