An Act providing for a moratorium on the privatization of public water and wastewater systems; establishing the Water Utility Reform Working Group; and making a repeal relating to valuation of acquired water and wastewater systems.

HB 1964 imposes a temporary pause (moratorium) on selling or leasing public water and wastewater systems to private companies. It creates a Water Utility Reform Working Group to develop recommendations for system management and reform. The bill also repeals specific rules about how acquired water systems are valued. This directly affects communities that own public water systems and their residents, as it delays potential privatization and sets up a process for reviewing system operations.