HB 3316 renames the State Water Implementation Fund for Texas Advisory Committee as the Texas Water Fund Advisory Committee and abolishes the Texas Infrastructure Resiliency Fund Advisory Committee. It revises the composition of the Texas Water Fund Advisory Committee, increasing its membership from seven to eight members and making changes to its structure. The committee will provide recommendations on the use of funds for various water projects, including those related to flood infrastructure, new water supply development, and state water plan implementation. The bill also subjects the advisory committee to the Texas Sunset Act, meaning it will be automatically abolished on September 1, 2035, unless renewed​.