Arizona legislation · Fifty-seventh Legislature - Second Regular Session (2026)
Arizona SB1217: water supply development fund; cap
Status: In committee, June 12, 2026
SB1217 - water supply development fund; cap
What the bill says
An act Amending section 49-1273, Arizona Revised Statutes; RELATING to the water INFRASTRUCTURE finance AUTHORITY.
From the introduced text, January 15, 2026:
AN ACT Amending section 49-1273, Arizona Revised Statutes; RELATING to the water INFRASTRUCTURE finance AUTHORITY. (TEXT OF BILL BEGINS ON NEXT PAGE) Section 1. Section 49-1273, Arizona Revised Statutes, is amended to purposes A. Monies in the water supply development revolving fund may be used for the following purposes: 1. Making loans to eligible entities in this state under section 49-1274 for water supply development projects within this state. A single loan shall not exceed $3,000,000. 2. Making grants or providing technical assistance to eligible entities for water supply development projects in this state. A single grant shall not exceed $2,000,000. 3. Purchasing or refinancing debt obligations of water providers at or below market rate if the debt obligation was issued for a water supply development purpose. 4. Providing financial assistance to water providers with bonding authority to purchase insurance for local bond obligations incurred by them for water supply development purposes. 5. Paying the costs to administer the fund. 6. Conducting water supply studies. B. If the monies pledged to secure water supply development bonds issued pursuant to section 49-1278 become insufficient to pay the principal and interest on the water supply development bonds guaranteed by the water supply development revolving fund, the authority shall direct the state treasurer to liquidate securities in the fund as may be necessary …
Sponsors
- Timothy Dunn (R, HD-025) · primary sponsor
Latest actions
- : Assigned to Rules
- : Introduced and first read
Common questions
- What is SB1217?
- SB1217 is a bill in the Arizona Legislature (Fifty-seventh Legislature - Second Regular Session (2026)): water supply development fund; cap.
- What does SB1217 do?
- In its own words: An act Amending section 49-1273, Arizona Revised Statutes; RELATING to the water INFRASTRUCTURE finance AUTHORITY.
- What is the status of SB1217?
- In committee as of June 12, 2026. Latest action: Assigned to Rules (June 12, 2026).
- Who sponsored SB1217?
- Timothy Dunn (R, HD-025).
- Where is the official record for SB1217?
- On the Arizona Legislature website: https://apps.azleg.gov/BillStatus/BillOverview/84363/?SessionId=130
Source: official Arizona record. Tracked by Delilah, AI for legislation across all 50 states and Congress.