Senate Bill 2326 Summary

• Raises the cost threshold for requiring economic analysis of flood control and water conveyance projects from $1 million to $1.5 million.

• Requires the state water commission to develop policies and procedures for commissioner-hosted meetings in ten specified river drainage basins to facilitate local project sponsor participation and project prioritization.

• Defines "economic analysis" as an estimate of economic benefits and direct costs resulting from project development.

• Requires the department of water resources to develop an economic analysis process for water conveyance and flood-related projects exceeding $1.5 million, and review analyses before the state water commission considers funding decisions.

• Establishes a life cycle analysis process for municipal water supply projects to include all costs associated with project development, land, construction, operation, maintenance, and disposal over the project's useful life.