Tex. Water Code § 15.7031

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 15.7031 - Texas Water Trust

(a) The Texas Water Trust is established within the water bank to hold water rights dedicated to environmental needs, including instream flows, water quality, fish and wildlife habitat, or bay and estuary inflows.

(b) The board, in consultation with the Parks and Wildlife Department and the commission, shall adopt rules governing the process for holding and transferring water rights.

(c) The dedication of any water rights placed in trust must be reviewed and approved by the commission, in consultation with the board and the Parks and Wildlife Department. In addition, the Department of Agriculture may provide input to the commission, as appropriate, during the review and approval process for dedication of water rights.

(d) Water rights may be held in the trust for a term specified by contractual agreement or in perpetuity.

(e) The Parks and Wildlife Department may manage rights in the trust:

(1) under a voluntary agreement with a rights holder; and

(2) in the manner described by Section 12.028(c), Parks and Wildlife Code.

Tex. Water Code § 15.7031

Amended by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 689,Sec. 2, eff. 9/1/2021.

Amended by Acts 1999, 76th Leg., ch. 456, Sec. 2, eff. 6/18/1999

Amended By Acts 1999, 76th Leg., ch. 979, Sec. 2, eff. 6/18/1999.

Added by Acts 1997, 75th Leg., ch. 1010, Sec. 2.16, eff. 9/1/1997.