The proposed bill amends several sections of the Arizona Revised Statutes to facilitate water infrastructure financing for cities, towns, and counties. Key changes include allowing municipalities to construct or improve wastewater treatment and drinking water facilities using financial assistance from the Water Infrastructure Finance Authority of Arizona without requiring voter approval, provided the funding does not come from secondary property tax revenue. This change simplifies the process for municipalities, particularly those with populations over 150,000, by removing the need for public votes on financial assistance loan repayment agreements under certain conditions.

Additionally, the bill clarifies that financial assistance loan repayment agreements do not create a debt for the municipalities and outlines the authority's ability to provide funding without requiring voter approval for certain projects. It also specifies that payments made under these agreements are not subject to specific tax regulations, and municipalities are bound to perform the agreements once funded. Overall, the bill aims to streamline the financing process for essential water infrastructure projects while ensuring compliance with existing laws.

Statutes affected:
Introduced Version: 9-514, 9-571, 11-671, 49-1216, 49-1307, 9-511, 9-511.01, 9-511.02, 9-512, 9-513, 9-101.02, 42-17106, 49-1221, 49-1241, 49-1225, 49-1245, 49-1201, 11-264, 48-1019, 48-2011.01, 2022-2023, 2023-2024, 2024-2025, 2025-2026, 2026-2027, 117-58