H.B. No. 1400 proposes the establishment of the Groundwater Science, Research, and Innovation Fund, which will be administered by the Texas Water Development Board. The bill introduces a new subchapter, Subchapter F-1, to Chapter 15 of the Water Code, defining key terms such as "District" and "Fund." The Fund will consist of various sources of revenue, including appropriated money, transfers from the board, interest, and donations. It is intended to provide financial assistance in the form of grants to support district programs and projects that enhance groundwater science, research, and innovation, focusing on improving groundwater conditions, efficiency, conservation, recharge, and quality.

The bill outlines the criteria for evaluating applications for financial assistance, emphasizing the expected benefits to district management and planning, alignment with board objectives, and the district's financial needs. It mandates that at least 35% of the funds be allocated to districts with smaller populations and revenues. Additionally, the board may require matching funds from grant recipients, although this requirement can be waived for projects in partnership with higher education institutions. The Act is set to take effect on September 1, 2025.

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