The bill proposes to redesignate the "State Water Implementation Fund for Texas Advisory Committee" as the "Texas Water Fund Advisory Committee" and abolishes the Texas Infrastructure Resiliency Fund Advisory Committee. It amends the Water Code to reflect these changes, including the composition and functions of the newly named advisory committee. The committee will now consist of eight members, including the comptroller, chairs of relevant Senate and House committees, and two members each from the Senate and House appointed by their respective leaders, along with a nonvoting member from the Texas Division of Emergency Management.

Additionally, the bill outlines the advisory committee's responsibilities, which include providing comments and recommendations on various water-related funds, reviewing their operations, and making recommendations for information to be posted on the board's website. It also mandates that the committee evaluate the feasibility of state-owned water supply projects and requires the executive administrator to report on compliance with goals related to historically underutilized businesses. The bill repeals several sections of the Water Code and is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Water Code 15.431 (Water Code 15)