SB1223 proposes amendments to the Arizona Revised Statutes concerning the Water Infrastructure and Commerce Grant Fund, which is administered by the Arizona Commerce Authority (ACA). The bill seeks to delay the eligibility date for projects to receive grants from January 1, 2022, to January 1, 2023. Additionally, it extends the deadline for the allocation and distribution of grants from December 31, 2024, to December 31, 2025.

The bill also includes an appropriation of $8 million from the state General Fund to the Water Infrastructure and Commerce Grant Fund for the fiscal year 2024. This appropriation is exempted from lapsing, ensuring that the funds remain available beyond the typical fiscal year end. The bill is set to become effective on the general effective date.

Statutes affected:
Introduced Version: 41-1510
Senate Engrossed Version: 41-1510
House Engrossed Version: 41-1510