Relating to the financing of water supply projects included in the state water plan; authorizing the issuance of obligations.

HB 2815 authorizes Texas political subdivisions (like cities, counties, and water districts) to issue bonds for large-scale water supply projects included in the state water plan. It specifically applies to projects with cumulative costs of at least $750 million that are identified as recommended strategies in the state water plan. The bill allows these entities to finance or refinance qualifying projects, refund related debt, or cover issuance costs through bond sales secured by project revenues. This creates a new financing mechanism for major water infrastructure without conflicting with existing state water laws.