cap; water supply development fund

Summary

The Senate passed a bill that amends the state’s water supply development revolving fund, allowing it to make loans up to $20 million and grants up to $2 million for eligible water projects. It also lets the fund purchase or refinance water‑provider debt, help with bond insurance, cover its own costs, and fund water‑supply studies. The changes aim to give Arizona more flexibility and capacity to finance water infrastructure.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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