The document discusses opportunities and limitations of Aquifer Storage and Recovery (ASR) as a water management strategy in Texas. It provides an overview of ASR, including the three step process of recharge, storage, and recovery. It discusses how recent legislation (HB 655) in 2015 has positively changed ASR regulations in Texas. Several existing ASR projects in Texas are presented that utilize ASR for long-term storage/banking and seasonal storage/peak demand management. Potential benefits of ASR including storm water management are discussed.