Missing water texture while underwater?

I keep getting this stupid pink and black texture whenever I’m underwater:

Out of water:

http://img545.imageshack.us/img545/5476/water1i.png

Underwater:

http://img6.imageshack.us/img6/8756/water2k.png

All of my games have been updated with steampipe.
Any help?

Does this only happen on this one map or does this happen on gm_construct too while underwater?

gm_construct is the only map that doesn’t do it, but everything else does.

I have no idea what game handles this texture. Start up whatever map you took the screenshot in and send me a pastebin of your console from startup to that point

There’s other stuff in the console, but I’m pretty sure this is the error http://pastebin.com/7eWqTVPe