The resolution HCR 2016 expresses the Arizona Legislature's commitment to reinstating full funding for the Water Infrastructure Finance Authority (WIFA) to address the state's water supply challenges. It highlights the importance of a comprehensive water strategy that includes conservation, reuse, and augmentation of water resources to meet both current and future needs. The resolution acknowledges the significant progress made by WIFA in collaborating with water leaders and policymakers, as well as the critical role of private capital in developing sustainable water supply projects.

The resolution also notes that recent funding cuts have hindered WIFA's ability to secure the necessary resources for the Long-Term Water Augmentation Fund (LTWAF), jeopardizing its mission to facilitate effective water conservation and augmentation projects. It emphasizes the need for the Legislature to work with WIFA to restore the full appropriations required for long-term water security, particularly as budgetary conditions improve. Overall, the resolution underscores the urgency of investing in water infrastructure to ensure the economic and environmental health of Arizona.