Water and water rights; creating the Water and Wastewater Infrastructure Investment Program; creating the Water and Wastewater Infrastructure Investment Revolving Fund. Effective date. Emergency.

The header was updated to reflect the 'House of Representatives - Floor Version' and removed the House co-sponsor's name, which is standard procedure when a bill moves from committee to the full chamber.

Page numbers and footer metadata were updated to reflect the new House Floor version status.

Minor spacing and indentation adjustments were made throughout the document to align with House formatting standards.

The legislative session header was updated to reflect the 2nd Session of the 60th Legislature (2026) instead of the previous 2026 session designation.

A specific request number (Req. No. 17429) was added to the page headers to track the bill's processing within the House Committee.

The document title was updated from 'ENGROSSED SENATE BILL' to 'COMMITTEE SUBSTITUTE FOR ENGROSSED SENATE BILL' to reflect the current legislative stage.

Changed the fund source language from monies 'appropriated pursuant to Section 3' to monies 'appropriated to the fund by law' to allow for future legislative funding flexibility.

Added a new subsection (C) requiring that remaining funds be allocated based on a specific formula: 25% to areas with over 400,000 people, 25% to areas with 30,000-400,000 people, and 50% to areas with under 30,000 people.

Added new administrative authority allowing the Board to reserve up to 2% of the fund annually for program administration, system evaluation, and risk assessment.

Expanded the Board's discretion to use funds for both 'loan and grant programs' rather than just loans.

Updated the criteria for loan application ranking to include 'conservation and fiscal sustainability efforts' as a specific factor.

Removed the original introductory text and page numbering artifacts associated with the 'Introduced' version.