Sec. 1. This chapter does not apply to an interbasin water transfer that is:
(1) made by a water utility:
(A) from or downstream from a reservoir:
(i) owned, operated, or managed by the water utility; or
(ii) with respect to which the water utility has withdrawal rights;
(B) within the water utility's own service area in which more than one (1) basin is present;
(C) under an agreement made before January 1, 2025, concerning the limitless exploration advanced pace district and any related development;
(D) to an existing wholesale customer of the water utility as of July 1, 2025; or
(E) to an affiliate of the water utility or, in the case of a water utility that is:
(i) owned, operated, or held in trust by a consolidated city; or
(ii) controlled by the board of directors for utilities of a consolidated city;
to another water utility held in trust by the consolidated city or controlled by the board of directors for utilities of the consolidated city; or
(2) subject to the Great Lakes-St. Lawrence River Basin Water Resources Compact (IC 14-25-15).