H.B. 292: Rule Against Perpetuities Amendments

What the bill does

Did not pass both chambers; the bill was filed on March 6, 2026.

This bill amends provisions relating to the rule against perpetuities.

• Defines terms
• Provides that a water right subordination agreement does not create a nonvested right for purposes of the rule against perpetuities
• Provides that the provisions this bill enacts apply retroactively

The description and list come from the bill's own long title as recorded by the Legislature. Read the official bill. The Ledger takes no position on it.

Subjects: Business · Water Rights · Water

How it moved

1. January 20, 2026 · House1st reading (Introduced)Rules Committee
2. February 9, 2026 · Houseto standing committeeNatural Resources, Agriculture, and Environment Committee
3. March 2, 2026 · HouseHouse Comm - Recommends Returned to RulesNatural Resources, Agriculture, and Environment Committee
4. March 6, 2026 · Housefiledfile for bills not passed

Steps as the Legislature recorded them; clerical and fiscal-staff entries are left out. Numbers such as 54-14-7 are yeas, nays and absent.

Fiscal note

The Legislative Fiscal Analyst's note on H.B. 292 found no material cost or revenue effect for the state, local governments or businesses.

Bill overview

Sponsor: Troy Shelley

Senate floor sponsor: Derrin R. Owens

Legislature passed-list status: Not available in the saved metadata.

Passed-list membership is not a finding that a bill was signed or took effect. A bill absent from that list is not necessarily pending or defeated.

Latest recorded action

filed
Action date: March 6, 2026

The full step list is above. Find the bill in the official session list for status, hearings and committee records.

Recorded floor votes

No floor-vote records for this bill and session are available here. This does not mean no vote occurred; consult the official bill record.

Ledger coverage

No Ledger stories with an explicit source link to this bill and session are listed here.