An Act providing for a moratorium on the privatization of public water and wastewater systems; establishing the Water Utility Reform Working Group; and making a repeal relating to valuation of acquired water and wastewater systems.

HB 1954 temporarily halts the privatization of public water and wastewater systems owned by municipalities. It creates a Water Utility Reform Working Group to develop long-term solutions for public water management. The bill also repeals a specific rule about valuing water systems acquired by public entities. This directly affects cities and towns operating public water services, preventing private companies from taking over these systems while the working group develops reforms.