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Utah's water infrastructure would get 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 and to increase the state's reliable water supply. The office could acquire property, manage water rights, set water rates, and contract with other agencies, while local governments, special districts, and state agencies could nominate water projects for the office to manage through a formal approval process established by the Board of Water Resources, which would weigh available funding, long-term water supply benefits, and whether another agency might be better suited to run the project. The bill also would slightly adjust the board's existing powers, clarifying that it can delegate project management to this new office and removing references to the board's role in Columbia Interstate Compact matters. Finally, the office would be required to maintain a detailed plan tracking the condition, maintenance needs, and replacement timelines of physical assets it oversees, and to report on that plan to two legislative committees starting in 2030 and every five years after.