This bill proposes an amendment to section 45-852.01 of the Arizona Revised Statutes, specifically regarding the crediting of recoverable stored water. Under current law, the director credits ninety-five percent of the recoverable amount of stored water to the storer's long-term storage account, provided it meets certain requirements.

If the bill becomes law, the percentage credited will be changed from ninety-five percent to seventy percent. This adjustment aims to modify the incentives related to underground water storage, potentially impacting how water storage accounts are managed in the state.

Statutes affected:
Introduced Version: 45-852.01