| 1 | 1 | | By: Hinojosa, Lucio S.B. No. 1292 |
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| 2 | 2 | | (In the Senate - Filed March 3, 2009; March 17, 2009, read |
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| 3 | 3 | | first time and referred to Committee on Natural Resources; |
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| 4 | 4 | | April 1, 2009, reported favorably by the following vote: Yeas 8, |
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| 5 | 5 | | Nays 0; April 1, 2009, sent to printer.) |
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| 6 | 6 | | |
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| 7 | 7 | | |
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| 8 | 8 | | A BILL TO BE ENTITLED |
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| 9 | 9 | | AN ACT |
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| 10 | 10 | | relating to the calculation of current market value of certain |
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| 11 | 11 | | water rights by the Rio Grande Regional Water Authority. |
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| 12 | 12 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 13 | 13 | | SECTION 1. Section 49.509, Water Code, is amended by |
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| 14 | 14 | | amending Subsection (a) and adding Subsection (d) to read as |
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| 15 | 15 | | follows: |
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| 16 | 16 | | (a) Subject to Subsection (d), the [The] Rio Grande Regional |
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| 17 | 17 | | Water Authority annually at its January meeting shall calculate the |
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| 18 | 18 | | current market value by using the average price per acre-foot of |
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| 19 | 19 | | municipal use water after conversion from irrigation use water to |
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| 20 | 20 | | municipal use water with a municipal priority of allocation under |
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| 21 | 21 | | commission rules of the last three purchases involving: |
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| 22 | 22 | | (1) a municipal water supplier; |
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| 23 | 23 | | (2) a party other than a municipal water supplier; and |
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| 24 | 24 | | (3) at least 100 acre-feet of municipal use water, |
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| 25 | 25 | | with municipal priority of allocation. |
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| 26 | 26 | | (d) The Rio Grande Regional Water Authority shall exclude |
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| 27 | 27 | | from the calculation of current market value under Subsection (a) |
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| 28 | 28 | | any sale between a municipal water supplier and a district if any |
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| 29 | 29 | | part of the district's territory is subject to the municipal water |
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| 30 | 30 | | supplier's certificate of convenience and necessity. |
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| 31 | 31 | | SECTION 2. The change in law made by this Act applies only |
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| 32 | 32 | | to a calculation of current market value of certain water rights |
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| 33 | 33 | | made by the Rio Grande Regional Water Authority on or after the |
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| 34 | 34 | | effective date of this Act. A calculation of current market value |
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| 35 | 35 | | that is made before the effective date of this Act is governed by |
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| 36 | 36 | | the law in effect when the calculation was made, and the former law |
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| 37 | 37 | | continues in effect for that purpose. |
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| 38 | 38 | | SECTION 3. This Act takes effect September 1, 2009. |
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| 39 | 39 | | * * * * * |
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