Water Bank & Water Trust. Barney Austin Surface Water Resources Division Texas Water Development Board May 21, 2004. In 1993, the 73rd Texas Legislature Created the Texas Water Bank :. Codified under § 15.702 in 1993.
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
Water Bank & Water Trust
Surface Water Resources Division
Texas Water Development Board
May 21, 2004
In 1993, the 73rd Texas Legislature Created the Texas Water Bank:
Codified under § 15.702 in 1993.
Purpose: The Texas Water Bank was created as a mechanism to allow for and assist in the voluntary transfer of water rights between willing buyers and sellers.
1. Accepts Water Bank Deposits ($50 deposit fee + 0.9% of sale price, if sold)
2. Maintains a Registry of Sellers (no vetting, no fee)
3. Maintains a Registry of Buyers (no vetting, no fee)
Water rights placed in the Water Trust must
be amended (by adding ‘instream uses’)
and approved by TCEQ with additional input
and consultation from: