Amend CSSB 1 as follows: Add Sec. 2.18 of the bill amending Section 11.028 of the Water Code (House Committee Substitute for SB 1, page 20, line 18) deleting current Sec. 11.028 and substituting the following: Sec. 11.028 FAIR MARKET VALUE. Whenever the law requires the payment of fair market value for a water right, fair market value shall be determined by the amount of money that a willing buyer would pay a willing seller for the water in an arms-length transaction and shall not be limited to the amount of money that the owner of the water right has paid or is paying for the water.