Relating to the purposes for which the Texas Water Bank and the Texas Water Trust may accept and hold water rights.

SB 1624 expands the purposes for which the Texas Water Bank and Texas Water Trust can accept and hold water rights. It specifically allows the Water Bank to facilitate water rights transfers, maintain a registry of available water, and encourage conservation by accepting deposits of conserved water. The Texas Water Trust is formally established to hold water rights dedicated to environmental needs like instream flow, water quality, fish and wildlife habitat, and bay/estuary inflows. These changes directly affect water right holders, conservation groups, and entities needing water for environmental protection, enabling more structured water transactions for both agricultural use and ecological preservation.