AZ SB1394

Establishes the Rural Arizona and Tribal Infrastructure Authority and a revolving fund to provide financial assistance for infrastructure projects in rural Arizona and tribal communities (counties/cities/towns with population under 300,000 persons and Indian tribes).

Authority board consists of 11 members appointed by the governor: 2 representing rural counties, 2 representing rural cities/towns, and 7 representing Indian tribes; board terminates July 1, 2025, and the chapter repeals January 1, 2026.

Authority may issue bonds, provide loans up to 30 years, grants, technical assistance, and credit enhancements for wastewater treatment, drinking water, roads, electrical power, communications, health infrastructure, and economic development projects.

Revolving fund receives 15% of revenues collected from Indian reservation sources under transaction privilege tax, with additional percentages (10-35%) distributed to rural Indian tribes for their own infrastructure and community development projects.

Authority has enforcement power through state treasurer withholding from county and city revenue distributions to collect loan payment defaults.