The bill 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. It 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, expenses incurred, rate of return, and the prioritization system for projects. Notably, the bill removes the requirement to post any nonconfidential information submitted as part of financial assistance applications and modifies the numbering of the information points.

Additionally, the bill introduces a new requirement for the board to include any other information as mandated by board rule. This change aims to ensure that the public has access to comprehensive and relevant information about the fund's usage and the board's operations, thereby promoting accountability and informed public engagement. The act is set to take effect on September 1, 2025.

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