In 1963, the Texas Legislature directed the Texas Legislative Council to effect a permanent statutory revision of state law to “clarify and simplify the statutes and to make the statutes more accessible, understandable, and usable.”
Water Markets in Texas
Texas water law should be updated to embrace free market transactions that have been incorporated into other Texas statutes governing markets such as electricity, telecommunications, and insurance. Key points: The best instrument for optimizing allocation of scarce water resources is the exercise of private property rights in a competitive marketplace, otherwise known as a water...