AZ SB1349

Requires water utilities to record any written agreement with developers or builders (including advance in aid of construction agreements) requiring repayment in the county where the property is located, with a summary containing the legal description, agreement duration, repayment amount, and estimated costs to purchasers.

Mandates water utilities post on their website or provide annual disclosures to ratepayers that include five-year spending estimates, impact on average residential rates, information on developer/builder repayment agreements, and estimated timing of next rate case filing.

Defines "water utility" as a public service corporation subject to Arizona Corporation Commission jurisdiction that supplies water service in the state.