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Utah's water infrastructure gets a new dedicated management structure under this bill, which creates the Office of Water Management inside the Division of Water Resources, led by an appointed water manager whose job is to oversee state water projects — things like reservoirs, pipelines, and flood control works — for the long-term public benefit. The office can acquire property, manage water rights, set water rates, and contract with other agencies, while local governments and special districts can nominate water projects for the office to manage through a formal approval process; the office must also maintain a detailed plan tracking the condition, maintenance needs, and replacement timelines of all physical assets it oversees, and report to two legislative committees on that plan beginning in 2030 and every five years after.