This bill proposes updates to the existing statutes regarding the Water Conservation Grant Fund by introducing new disclosure requirements for eligible entities applying for grants. Specifically, it mandates that entities receiving water from a multi-county water conservation district must disclose projected water savings, the source of the water to be saved, whether it is groundwater or surface water, and their plan for the saved water. These requirements are to be added as new subsections under section 49-1333 of the Arizona Revised Statutes.

Additionally, the bill clarifies the definition of "eligible entity" to align with existing definitions in section 49-1301 and requires the Water Infrastructure Finance Authority (WIFA) to adopt rules to implement these new disclosure requirements within 90 days of the bill's effective date. The bill also makes minor technical changes and updates the terminology from "nongovernment" to "nongovernmental" to ensure consistency in language throughout the statute.

Statutes affected:
Introduced Version: 49-1333
House Engrossed Version: 49-1333