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 updates to the committee's composition, which will now consist of eight members instead of seven. The new composition includes the comptroller, chairs of the relevant Senate and House committees, two Senate members, two House members, and a nonvoting member from the Texas Division of Emergency Management. Additionally, the bill outlines the committee's responsibilities, including providing recommendations on various water funds and evaluating the feasibility of state-owned water supply projects.

The bill also includes provisions for the advisory committee to review the operation and structure of the funds it oversees, submit comments and recommendations to the board, and ensure compliance with statewide goals related to historically underutilized businesses. Several sections of the Water Code are repealed, and the advisory committee is subject to the Texas Sunset Act, which means it will be abolished unless continued by the legislature by September 1, 2035. The act is set to take effect on September 1, 2025.

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