Amend CSSB 1341 (Senate committee printing) by adding the 
following appropriately numbered SECTION and renumbering the 
subsequent SECTIONS of the bill accordingly:
	SECTION __.  Section 1.34, Chapter 626, Acts of the 73rd 
Legislature, Regular Session, 1993, is amended by amending 
Subsection (c) and adding Subsections (d), (e), (f), and (g) to read 
as follows:
	(c)  Subject to the limitations provided by Subsections (d), 
(e), (f), and (g) of this section, a [A] permit holder may lease, 
sell, or otherwise transfer ownership of permitted water rights.
	(d)  The [, but a] holder of an initial regular [a] permit for 
irrigation use may [not] lease, sell, or otherwise transfer 
ownership of not more than 50 percent of the irrigation rights 
initially permitted. Except as provided by Subsections (e), (f), 
and (g) of this section, the permit holder's [The user's] remaining 
irrigation water rights must be used in accordance with the 
original initial regular permit and must pass with transfer of the 
irrigated land.  Irrigation rights initially permitted based on 
land irrigated from the applicant's well that were not owned by the 
applicant are appurtenant to land owned by the applicant and 
irrigated by the applicant's well.
	(e)  The place of use of the remaining irrigation water 
rights under Subsection (d) of this section may be temporarily 
transferred to another place of use owned by the permit holder.  If 
the irrigated land to which the water rights are appurtenant is sold 
or the ownership of the land is otherwise transferred, the transfer 
of the irrigation water rights is immediately voided by operation 
of law and the rights revert back by operation of law to the 
irrigated land.
	(f)  The place of use of the remaining irrigation water 
rights under Subsection (d) of this section may be temporarily 
transferred for irrigation purposes for a term not to exceed 10 
years to another place of use owned by a third party.  If the 
irrigated land to which the water rights are appurtenant is sold or 
the ownership of the land is otherwise transferred, the person to 
whom the ownership of the land is transferred takes the land subject 
to that temporary transfer of irrigation water rights.
	(g)  If the irrigated land identified as the place of use in 
the initial regular permit originally issued for irrigation 
purposes is developed as evidenced by actual physical alteration of 
the land such that it is no longer reasonably capable of being 
irrigated, the permit holder may apply to the authority to convert 
the remaining irrigation water rights under Subsection (d) of this 
section so as to be transferable.