Relating to creating the Central Texas Water Alliance; providing authority to issue bonds; granting the power of eminent domain; providing authority to impose fees.

HB 2626 creates the Central Texas Water Alliance, a regional water authority designed to manage water resources across Central Texas. It directly affects local governments (like cities and counties) and private entities within the alliance's territory by granting the Alliance three key powers: the authority to issue bonds for water projects, the power of eminent domain to acquire land for infrastructure, and the ability to impose fees for water services. The bill defines "water" broadly to include groundwater, surface water, and treated wastewater, and establishes the Alliance's territory based on sponsor areas and service boundaries. This legislation provides a legal framework for coordinated water management under Texas Constitution Section 59.