Amend Floor Amendment No. 14 (by King) to CSSB 1 by striking
the text of the amendment and substituting the following:
      Amend CSSB 1 in Article 2 of the bill by inserting the
following appropriately numbered SECTION of the bill by inserting
the following appropriately numbered SECTION of the bill and
renumbering the subsequent SECTIONS of the bill appropriately:
      SECTION ____.  Subchapter B, Chapter 11, Water Code, is
amended by adding Section 11.0275 to read as follows:
      Sec. 11.0275.  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.