This bill proposes to amend current statutes related to the Water Supply Development Revolving Fund by removing the existing limit on the amount of loans that can be made to eligible entities for water supply development projects. Under current law, a single loan is capped at $3 million, as stated in 1. Making loans to eligible entities in this state under section 49-1274 for water supply development projects within this state. The bill seeks to eliminate this restriction, allowing for potentially larger loans to support water supply initiatives. If enacted, the bill would insert the language AN ACT and Amending section 49-1273, Arizona Revised Statutes; RELATING to the water infrastructure finance AUTHORITY. into the statutes, while deleting the phrase A single loan shall not exceed $3,000,000.. This change aims to enhance the financial flexibility of the Water Infrastructure Finance Authority in addressing Arizona's water supply needs.

Statutes affected:
Introduced Version: 49-1273