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 bill mandates that the board regularly update and post specific information on its website, including the progress of water supply development, details of projects funded through bonds, the investment portfolio of the fund, and the expenses and rate of return associated with the fund. Notably, the bill removes the requirement to post any nonconfidential information submitted as part of financial assistance applications, while adding a provision for the board to include any other information required by board rule.

The changes aim to streamline the information shared with the public while ensuring that essential details about project funding and progress remain accessible. The act is set to take effect on September 1, 2025, following its passage in both the Senate and House.

Statutes affected:
Introduced: Water Code 15.440 (Water Code 15)
Senate Committee Report: Water Code 15.440 (Water Code 15)
Engrossed: Water Code 15.440 (Water Code 15)
House Committee Report: Water Code 15.440 (Water Code 15)
Enrolled: Water Code 15.440 (Water Code 15)