The bill, S.B. No. 1532, amends Section 15.440(b) of the Water Code to enhance the transparency of the Texas Water Development Board's activities regarding the state water implementation fund. The board is required to post and regularly update specific information on its website, including progress on water supply development, project descriptions for each regional water planning area, investment portfolio details, expenses, rate of return, and the prioritization point system for projects.

Notably, the bill removes the requirement for the board to post any nonconfidential information submitted as part of financial assistance applications, which was previously included in the list of information to be disclosed. Additionally, it clarifies that the board must provide any other information as required by board rule. The changes aim to streamline the information shared while ensuring that essential data regarding the fund's use and project statuses remain accessible to the public. The act is set to take effect on September 1, 2025.

Statutes affected:
Introduced: Water Code 15.440 (Water Code 15)