Bill > SB1217

This bill amends existing Arizona law regarding the Water Supply Development Revolving Fund, which is managed by the Water Infrastructure Finance Authority. Specifically, it removes a previous restriction that limited individual grants for water supply development projects to a maximum of $2,000,000, allowing for potentially larger grant amounts to be awarded for these projects within the state. The fund's primary purpose is to provide loans and grants to eligible entities for water supply development projects, as well as to purchase or refinance debt for such projects and provide financial assistance for local bond obligations.

https://apps.azleg.gov/BillStatus/BillOverview/84363