Arizona legislation · Fifty-seventh Legislature - Second Regular Session (2026)
Arizona SB1560: cap; water supply development fund
Status: Chaptered, June 22, 2026
SB1560 - cap; water supply development fund
What the bill says
An act Amending section 49-1273, Arizona Revised Statutes; RELATING to the water infrastructure finance AUTHORITY. Section [DELETED: 1.] 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 $20,000,000. 2. Making grants or providing technical assistance to eligible entities for w.
From the chaptered text, July 1, 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 [DELETED: 1.] 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 $20,000,000. 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 …