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ARIZONA HOUSE OF REPRESENTATIVES57th Legislature, 2nd Regular Session |
Senate: NR DP 8-0-0-0 | Third Read 28-0-2-0 |
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SB 1560: cap; water supply development fund
Sponsor: Senator Dunn, LD 25
Committee on Natural Resources, Energy & Water
Overview
Limits a single loan from the Water Supply Development Revolving Fund (WSDRF) to $20,000,000.
History
The Water Infrastructure Finance Authority (WIFA) board authorizes grants and issues bonds to support water supply development, conservation and long-term water augmentation projects with state funds. WIFA administers WSDRF, which issues loans to construct water supply projects by eligible entities, and provides technical assistance or grants to eligible entities.
An eligible entity includes a water provider that distributes or sells water outside of the boundaries of an initial active management area (AMA) in which part of the Central Arizona Project (CAP) aqueduct is located, or any city, county or public entity/district/commission located outside of the boundaries of an initial AMA in which part of the CAP aqueduct is located (A.R.S. § 49-1270)(JLBC).
Provisions
1. Increases, from $3,000,000 to $20,000,000, the maximum single loan amount that can be administered from WSDRF.
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5. Initials CW/HC SB 1560
6. 3/13/2026 Page 0 Natural Resources, Energy & Water
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