The resolution H.C.R. 2016 expresses the Arizona Legislature's commitment to reinstating full funding for the Water Infrastructure Finance Authority (WIFA) to address the state's long-term water security needs. It emphasizes the importance of WIFA's mission in ensuring the economic and environmental health of Arizona by facilitating water conservation, reuse, and augmentation projects. The resolution acknowledges the challenges posed by recent funding cuts, which have hindered WIFA's ability to attract private capital and fully engage in necessary water supply projects.

Furthermore, the resolution outlines the need for strategic partnerships with the private sector to develop sustainable water infrastructure. It asserts that as budgetary conditions improve, the Legislature will work with WIFA to restore the appropriations required to secure new water supplies. Overall, the resolution underscores a proactive approach to managing Arizona's water resources and highlights the critical role of WIFA in achieving these goals.