Local water system funding.

Summary

The bill would set up a Local Water System Funding Program run by the state loan and investment board. Eligible municipalities could apply for loans to cover planning, pre‑development costs, matching funds, loan repayments and costs of joining regional water or wastewater systems. The board could borrow up to $50 million each fiscal year to fund the loans and must report annually and conduct audits.

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

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