Enrolled Bill Summary

Senate Bill 991 amends the Water Code to authorize the transfer rather than the sale of water or water rights under the name of the Texas Water Development Board. The act also allows the board to enter into contracts to pay for feasibility studies that would examine issues relating to water conservation.

Senate Bill 991 amends the transaction fee on water transfers from a maximum of $500 to one percent of the value at transaction. The act also makes political subdivisions subject to the transaction fee and requires that all transaction fees collected be placed in the water bank account of the water assistance fund.