The bill authorizes various water development projects in Wyoming, specifically focusing on Level I reconnaissance studies and Level II feasibility studies. It appropriates a total of $2,186,997 for Level I studies, which include water master plans for several counties and a statewide water research program. Additionally, $327,000 is allocated for a Level II feasibility study for the Bedford and Turnerville Regional Supply in Lincoln County. The bill allows for the reallocation of unexpended funds to complete other designated projects and mandates that any funds not obligated by July 1, 2029, will revert to the respective water development accounts.

Furthermore, the bill extends existing studies and provides appropriations for the office of water programs, amounting to $175,000 for the period from July 1, 2026, to June 30, 2028. It also amends previous legislation to grant time extensions for certain projects, including a nine-year extension for the Nowood River Storage project, with updated deadlines for fund reversion. The bill includes specific appropriations for rehabilitation studies and outlines the requirement for the water development commission to report to the legislature on the progress of these studies.