Directs the applicable Secretary, in carrying out such emergency authority, to:

• authorize and implement actions to ensure that the Delta Cross Channel Gates remain open to the maximum extent practicable timed to maximize peak tide flood periods and to provide water supply and water quality benefits;
• implement turbidity control strategies that allow for increased water deliveries for the CVP and the SWP, while avoiding a negative impact on the long-term survival delta smelt due to entrainment at the CVP and SWP pumping plants;
• operate pumps within the ranges provided for in the smelt and salmonid biological opinions (issued by the U.S. Fish and Wildlife Service and the National Marine Fisheries Service) to minimize water supply reductions for the CVP and SWP, manage reverse flow in Old and Middle Rivers at negative 5000 cubic feet per second, and show in writing that any determination to manage reverse flow at lower rates is necessary to avoid a significant negative impact on the long-term survival of the Delta smelt;
• adopt a 1:1 inflow-to-export ratio for the increment of increased flow of the San Joaquin River;
• issue all necessary permit decisions within 30 days of receiving a completed application by the state of California to place and use temporary barriers or operable gates in Delta channels to improve water quantity and quality for CVP and SWP contractors and other water users;
• complete all requirements under the National Environmental Policy Act of 1969 (NEPA) necessary to make final permit decisions on water transfer requests associated with voluntarily fallowing nonpermanent crops within 30 days after receiving such a request;
• allow any North of Delta agricultural water service contractor with unused CVP water to receive such water through April 15 following the contract year in which such water was allocated;
• meet the Level 2 and Level 4 water supply needs of units of the National Wildlife Refuge System through the improvement or installation of wells to use groundwater resources and the purchase of water from willing sellers; and
• implement instream and offsite projects in the Delta and upstream Sacramento River and San Joaquin River basins that offset the effects on endangered species under the Endangered Species Act of 1973.

Directs federal agency heads to use the expedited procedures of this Act to make final decisions relating to a federal project or operation to provide additional water supplies or to address emergency drought conditions.

Requires: (1) the Secretary of the Interior, upon the request of the state of California, to convene a final project decision meeting with the heads of relevant federal agencies to decide whether to approve a project to provide emergency water supplies, and (2) the agency heads to issue a final decision on a project not later than 10 days after a meeting is requested.

(Sec. 103) Authorizes the Secretaries to: (1) permit the CVP and SWP, combined, to operate at levels that result in negative Old and Middle River flows at -7500 cubic feet per second for a cumulative period of 28 days after October 1 of each water year during periods in which the daily average river flow of the Sacramento River is at or above 17,000 cubic feet per second (temporary operational flexibility); and (2) continue to impose requirements under the smelt and salmonid biological opinions necessary to avoid additional negative impacts on the long-term survival of a listed fish species beyond the range of those authorized under the Endangered Species Act of 1973.

(Sec. 104) Requires the Secretaries to provide a progress report on the implementation of emergency drought relief projects under this title to the House Committee on Natural Resources and the Senate Committee on Energy and Natural Resources.

(Sec. 105) Requires the Secretary of the Interior, one year after the enactment of this Act, to provide a progress report on the status of certain feasibility studies, including timelines for study completions and environmental documents.

Title II: Protection of Third-Party Water Rights - (Sec. 201) Directs the Secretary of the Interior to confer with the California Department of Fish and Wildlife on potential impacts to any consistency determination for operations of the SWP resulting from the implementation of this Act.

(Sec. 202) Requires the Secretary, in the operation of the CVP, to adhere to California laws governing water rights priorities and honor water rights senior to those held by the United States for operation of the CVP, regardless of the source of priority, including any appropriative water rights initiated prior to December 19, 1914.

(Sec. 203) Requires the Secretary to ensure that actions taken to comply with environmental laws do not: (1) result in the involuntary reduction of water supply or fiscal impacts to recipients of water from either the SWP or the United States, or (2) cause redirected adverse water supply or fiscal impacts to those within the Sacramento River or San Joaquin River watersheds or the SWP service area.

(Sec. 204) Directs the Secretary of the Interior, in the operation of the CVP, to allocate water provided for irrigation purposes to existing CVP agricultural water service contractors within the Sacramento River Watershed in compliance with specified allocation percentages. Makes the Secretary's allocations subject to: (1) the priority of individuals or entities with Sacramento River water rights, (2) the U.S. obligation to make a substitute supply of water available to the Sans Joaquin River Exchange Contractors, and (3) the Secretary's obligation to make water available to managed wetlands pursuant to the Central Valley Project Improvement Act. Declares that the Secretary's allocation authority shall not be deemed to: (1) modify any provision of a water service contract that addresses municipal and industrial water shortage policies; (2) affect or limit the authority of the Secretary to adopt, modify, or implement municipal and industrial water shortage policies; (3) affect allocations to CVP municipal and industrial contractors; (4) affect the allocation of water to Friant Division contractors; or (5) result in the involuntary reduction in contract water allocations to individuals or entities with contracts to receive water from the Friant Division.

Requires the Secretary to develop and implement a program to allow existing CVP agricultural water service contractors within the Sacramento River Watershed to reschedule water, provided for under their water service contracts, from one year to the next.

Title III: Miscellaneous Provisions - (Sec. 301) Declares that nothing in this Act preempts or modifies any existing obligation of the United States under federal reclamation law to operate the CVP in conformity with state law, including established water rights priorities.

(Sec. 302) Terminates this Act on the later of September 30, 2016, or the date on which the governor of California suspends the state of drought emergency declaration.

Grants the applicable Secretary authority to take certain actions to increase the water supply, subject to specified environmental protections, including:

• ensuring that the Delta Cross Channel Gates remain open to the maximum extent practicable;
• implementing turbidity control strategies to increase water deliveries and minimize water supply reductions for the CVP and the SWP;
• adopting a 1:1 inflow to export ratio for the increment of increased flow of the San Joaquin River;
• issuing all necessary permit decisions within 30 days of receiving a completed application by the state of California to place and use temporary barriers or operable gates in Delta channels to improve water quantity and quality;
• completing all requirements under the National Environmental Policy Act of 1969 (NEPA) necessary to make final permit decisions on water transfer requests within 30 days of receiving such requests;
• allowing any North of Delta agricultural water service contractor with unused CVP water to take delivery of unused water through April 15 following the contract year in which such water was allocated; and
• implementing instream and offsite projects in the Delta and upstream in the Sacramento River and San Joaquin basins that offset the effects on threatened species under the Endangered Species Act of 1973 due to actions taken under this Act.

Directs federal agency heads to use the expedited procedures of this Act to make final decisions relating to a federal project or operation to provide additional water supplies or to address emergency drought conditions.

Directs the Secretaries to authorize the CVP and the SWP, combined, to operate at levels that result in negative Old and Middle River flows for a cumulative period of 28 days during certain high-flow conditions on the Sacramento River.

Title II: Protection Of Third-Party Water Rights - Directs the Secretary of the Interior to confer with the California Department of Fish and Wildlife on potential impacts to any consistency determination for operations of the SWP resulting from the implementation of this Act.

Requires the Secretary, in the operation of the CVP, to: (1) adhere to California laws governing water rights priorities and honor water rights senior to those held by the United States for operation of the CVP, regardless of the source of priority; and (2) allocate water provided for irrigation purposes to existing CVP agricultural water service contractors within the Sacramento River Watershed (i.e., water service contractors within the Shasta, Trinity, and Sacramento River Diversions of the CVP) in compliance with specified requirements.

Requires the Secretary to ensure that actions taken to comply with environmental laws do not: (1) result in the involuntary reduction of water supply or fiscal impacts to recipients of water from either the SWP or the United States, or (2) cause redirected adverse water supply or fiscal impacts to those within the Sacramento River or San Joaquin River watersheds or the SWP service area.

Requires the Secretary to direct the Bureau of Reclamation to develop and implement a program to enable existing CVP agricultural water service contractors within the Sacramento River Watershed to reschedule water from one year to the next.

Title III: Miscellaneous Provisions - Declares that nothing in this Act preempts or modifies any existing obligation of the United States under federal reclamation law to operate the CVP in conformity with state law, including established water rights priorities. Terminates this Act on the later of September 30, 2016, or the date on which the governor of California suspends the state of drought emergency declaration.