Bill > SB1560

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 any single loan from the fund to a maximum of $3,000,000, allowing for potentially larger loans for water supply development projects within the state. The fund's purpose is to provide loans, grants, technical assistance, and financial support for projects that develop water supplies, purchase or refinance debt for such purposes, and cover administrative costs and studies related to water supply. The bill also outlines procedures for the state treasurer and auditor general to follow if the fund's assets become insufficient to cover bonded debt guaranteed by the fund.

Agriculture and Natural Resources

https://apps.azleg.gov/BillStatus/BillOverview/85173