This bill proposes several updates to the current statutes regarding the water infrastructure finance authority in Arizona. It introduces new provisions, including the establishment of a brackish groundwater recovery program fund, which will consist of various sources of funding such as legislative appropriations, federal funds, and loan repayments. The bill also specifies that the authority will administer this fund and outlines the criteria for using the funds, including a limit on administrative costs and a requirement for the funds to be used solely for authorized purposes. Additionally, the bill mandates the authority to provide matching funds for qualifying brackish groundwater recovery and desalination projects, with specific guidelines for project proposals and evaluations.

In terms of changes to existing language, the bill modifies current provisions related to financial assistance for water supply development projects, replacing outdated terms and clarifying the authority's responsibilities. It also removes certain language regarding the use of funds for conservation easements and specifies the process for addressing insufficient funds for long-term water augmentation bonds. Overall, the bill aims to enhance the state's capacity to develop new water sources and improve the management of water resources through updated financial mechanisms and program structures.

Statutes affected:
Introduced Version: 49-1303, 49-1304, 49-1309