Substitute the following for the King amendment to the King amendment to CSSB 1: 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 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, neither of which is under any compulsion to buy or sell, 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.