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