Enrolled Bill Summary

House Bill 1362 amends the Water Code to provide methods for appointing appraisers to calculate the amount of compensation owed to a retail public utility as a result of land in the utility's service area being lost to municipal incorporation, or voluntary or involuntary annexation. The act sets forth procedures and time lines for appointing an independent appraiser, lists requirements that the independent appraiser must meet, and contains provisions for appointing additional independent appraisers in situations where the municipality and the utility cannot agree on either an independent appraiser or the compensation amount determined by an appraiser.