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HB 3324, if passed, would modify the Water Code (Section 11.085(v)) by expanding the exemptions for interbasin water transfers. Namely, the bill would free transfers from certain provisions if said transfers are of water based on a substitution exchange of an equal or greater quantity of desalinated water, and if said water is made available in the basin of origin on or after September 1st 2015. The bill also requires that the transfer in question not result in a net water supply loss in the basin of origin.
HB 3324 is a beneficial bill in that it loosens code requirements, thus reducing state intervention, without compromising the environment or the state function of managing water resources (as transfers must not result in a water loss at the basin or origin). This allows for a marginal, but notable improvement in the property rights regime in Texas, and as such we support the bill.