Read second time and amended. Re-referred to Com. on APPR.
Summary
The bill creates a Water Affordability and System Stabilization Trust in the State Treasury, with the state treasurer acting as trustee. Earnings from the trust will be split between a Water Rate Assistance Fund that helps low‑income households pay their bills and a Community Water Affordability Assistance Fund that grants money to local water systems for infrastructure projects, with a phased distribution schedule over the first 25 years and then permanently. The measure is intended to keep water rates affordable while helping communities cover costly system upgrades.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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