S.B. No. 1194 establishes the Central Texas Water Alliance as a regional water authority with the authority to issue bonds, impose fees, and manage water supply sources. The bill introduces Chapter 11020 to the Special District Local Laws Code, detailing the governance structure, responsibilities of the board of directors, and the process for adding or removing sponsors, which include Bell County and other local districts. Directors must be at least 18 years old and either residents of the alliance's territory or employees of a sponsor. The bill emphasizes that the alliance's operations are intended to serve a public purpose, ensuring that all land within its territory benefits from its initiatives.

The bill also outlines the powers and duties of the alliance, including the ability to construct facilities, establish rates and fees, and enter into contracts. Notably, it prohibits the alliance from exercising the power of eminent domain, which is a significant amendment from previous provisions. The alliance is not required to hold elections for the issuance of revenue bonds and can demonstrate its ability to meet debt service obligations through accumulated funds. The initial directors must be appointed within 30 to 90 days after the bill's effective date, serving staggered terms. The bill will take effect immediately with a two-thirds vote or on September 1, 2025, if not.

Statutes affected:
Introduced: ()
Senate Committee Report: ()
Engrossed: ()
House Committee Report: ()
Enrolled: ()