Relating to creation of the groundwater science, research, and innovation fund to be administered by the Texas Water Development Board.

SB 718 creates the groundwater science, research, and innovation fund within the Texas Water Development Board's administration. The fund will receive state appropriations, investment returns, grants, and other designated revenue to provide grants to groundwater conservation districts. These grants will support specific projects focused on improving groundwater understanding, modeling, use efficiency, recharge, and water quality protection. The Texas Water Development Board will establish application procedures and criteria to evaluate district proposals for funding.