HB2014 proposes amendments to the Arizona Revised Statutes relating to water infrastructure. The bill allows the Water Infrastructure Finance Authority (WIFA) to engage in discussions, negotiations, and enter into agreements, including offtake agreements, with eligible entities to facilitate water supply development projects that import water from outside Arizona's boundaries. It also exempts all related communications and information from public record, subjecting them to disclosure only with WIFA's consent.

The bill introduces a definition for "bonds" as any approved indebtedness of WIFA and makes various technical and conforming changes to existing definitions and provisions. It renumbers existing definitions to accommodate the new definition of "bonds" and adjusts language regarding the pledging of revenues and the role of the state treasurer or bond trustee in managing pledged funds. The bill is set to become effective on the general effective date.

Statutes affected:
Senate Engrossed Version: 49-1201, 49-1309, 49-1206, 92-500, 100-4, 93-523, 95-190, 104-182, 49-1302, 42-5301, 49-352