H.B. No. 4646 proposes the transfer of ownership rights of the Woodlawn Water Supply Corporation to the Angelina and Neches River Authority. The bill outlines the process for this transfer, allowing the authority to enter into a contract with the corporation to acquire its assets, debts, and contractual rights and obligations. Upon execution of the contract, all property interests, including real property, easements, and water supply systems, will be transferred to the authority. Additionally, the bill stipulates that Certificate of Convenience and Necessity No. 10354 will be considered held by the authority, and the board of directors of the corporation is required to notify relevant state agencies of this transfer.

Furthermore, the bill mandates that the Public Utility Commission of Texas will update its records to reflect the authority as the holder of the certificate without the need for further application or hearing, and it specifies that no party has the right to protest or seek administrative review of this transfer. Following the transfer, the board of directors must initiate dissolution proceedings for the corporation within 30 days. The bill will take effect immediately if it receives a two-thirds vote from both houses of the legislature; otherwise, it will become effective on September 1, 2025.