The bill, S.B. No. 47, amends the Water Code to enhance the definition and scope of "flood projects" eligible for financing through the flood infrastructure fund. It introduces new categories of projects, specifically allowing for the construction of multi-purpose flood mitigation and drainage infrastructure that can manage various types of water, including floodwater and treated wastewater. Additionally, the bill includes provisions for the acquisition of primary residences located in a 100-year floodplain from willing sellers, provided that the owners have a household income below 200 percent of the federal poverty level.

Furthermore, the bill clarifies that certain regulations do not apply to flood projects that involve the acquisition of residences as described in the new definition. This legislative change aims to improve flood risk management and support vulnerable communities by facilitating the purchase of homes in high-risk areas. The bill is set to take effect 91 days after the conclusion of the legislative session.

Statutes affected:
Introduced: Water Code 15.534 (Water Code 15)