SB 1560
cap; water supply development fund
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
Senate Bill 1560 modifies the Arizona Water Supply Development Fund, which provides financial assistance for water infrastructure projects. The bill increases the maximum loan amount that can be provided to eligible entities from $3 million to $20 million, and the maximum grant amount from $2 million to $20 million. It also allows the fund to purchase or refinance debt obligations related to water supply development and to provide financial assistance for insurance on local bond obligations. The bill aims to bolster funding for critical water infrastructure improvements within Arizona.
Sponsors
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Primary sponsor
Timothy "Tim" Dunn
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