(1) The commission shall consider and make recommendations to the Legislature and governor on the following issues:

1. (a) how the water needs of the state's growing municipal and industrial sectors will be met;
2. (b) what the impact of federal regulations and legislation will be on the ability of the state to manage and develop its compacted water rights;
3. (c) how the state will fund water projects;
4. (d) whether the state should become an owner and operator of water projects;
5. (e) how the state will encourage the implementation of water conservation programs; and
6. (f) other water issues of statewide importance.

(2) The commission shall:

1. (a) consult with the Division of Water Resources and the Board of Water Resources regarding:

   1. (i) recommendations for rules, criteria, targets, processes, and plans described in Subsection 73-10g-105(3); and
   2. (ii) the scope of any request for proposals that may be issued by the Division of Water Resources and Board of Water Resources to assist in creating the rules, criteria, targets, processes, and plans described in Subsection 73-10g-105(3); and
2. (b) report the recommendations described in Subsection (2)(a) to the Natural Resources, Agriculture, and Environment Interim Committee and the Legislative Management Committee by October 30, 2016.

(3) The commission may:

1. (a) form one or more working groups from the membership of the commission to consider and study the issues described in this section; and
2. (b) meet up to six times per calendar year without approval from the Legislative Management Committee.