SB 122 authorizes local governments and the state (at their discretion) to contract with private firms to procure permits and licenses, plan, finance, build, acquire, operate and maintain a water reservoir, facility or system -- acting in concert with GEFA's Water Supply Division if they wish. The local government may pay the firm with the user fees, purchase payments and other revenue for these services. This bill also establishes a process that counties can partner with other governments to enter into agreements up to 50 years with a private partner. Unlike proposals from previous sessions, SB 122 ensures that local governments participate in all aspects of the process.