Section 303.41 - Sale of Water Rights(a) The owner of a water right may convey his water right as provided by § 297.81 of this title (relating to General Rules of Conveyance) and § 297.82 of this title (relating to Duty to Inform Executive Director), after all outstanding fees, penalties, and interest, if any, as provided by § 303.71 and § 303.73 of this title (relating to Costs of Administration; and Assessment of Costs) are paid. The purpose and place of use shall not be changed without authorization from the commission. Owners of water rights shall promptly inform both the executive director and the watermaster of any transfers of water rights. The new owner must file with the executive director all required documents as identified in § 297.83 of this title (relating to Recording Conveyances of Water Rights).(b) If a tract of land to which a smaller water right acreage is appurtenant is owned by more than one person in divided interests, a water right partition agreement is required among all the owners of said tract of land before any one of the owners can be authorized by the watermaster to divert water. However, if the owners fail to submit a water right partition agreement within one month after being notified by the executive director that such an agreement is needed, the executive director shall administratively divide the water rights among the owners on a prorata basis by acreage. The owners involved may request that the executive director grant an extension of the one-month deadline, not to exceed six months, if extenuating circumstances exist. If the executive director does not grant the extension, the division will be made on a prorata basis. The executive director will recognize the prorata shares until changes are made by valid partition agreement.30 Tex. Admin. Code § 303.41
The provisions of this §303.41 adopted to be effective July 2, 1986, 11 TexReg 2890; amended to be effective April 26, 2001, 26 TexReg 3013