The bill proposes to amend section 49-1273 of the Arizona Revised Statutes, specifically regarding the water infrastructure finance authority. Currently, the statute allows for making grants or providing technical assistance to eligible entities for water supply development projects in the state, with a limitation that a single grant shall not exceed $2,000,000.

If the bill becomes law, the deletion of the $2,000,000 cap on individual grants will allow for greater flexibility in funding water supply development projects. This change aims to enhance the ability of eligible entities to secure necessary financial support for larger or more comprehensive projects without the previous monetary limitation.

Statutes affected:
Introduced Version: 49-1273