Revises provisions relating to water. (BDR 48-940)

SB 342 authorizes the State Engineer to coordinate with water right holders to formally relinquish (give up) their rights through contracts or agreements, then retire those rights, permanently removing them from the water system. This prohibits new water appropriations for retired rights and applies to designated groundwater basins across Nevada, directly affecting current water right holders who choose to relinquish their rights. The bill also clarifies that permits canceled for failure to file documents are not subject to rules about changing a water right's effective date. This revision streamlines water rights management while ensuring retired rights cannot be reused.