AZ SB1079

Amends section 9-571 to simplify voter approval requirements for cities and towns entering financial assistance loan repayment agreements with the water infrastructure finance authority, eliminating the previous distinction based on population size.

Allows cities, towns, counties, sanitary districts with fewer than 50,000 persons, and domestic water/wastewater improvement districts to enter into financial assistance loan repayment agreements without voter approval through fiscal year 2026-2027 if funded through the Infrastructure Investment and Jobs Act and not payable from secondary property tax revenue.

Permits political subdivisions to pledge utility system revenues to repay loan agreements without an election if the pledge does not violate existing covenants on those utilities or outstanding obligations.

Removes voter approval requirements for political subdivisions that pledge secondary property tax revenue for loan repayment agreements under the long-term water augmentation fund program.

Maintains restrictions preventing the water infrastructure finance authority from funding the condemnation or acquisition of public service corporation assets unless the corporation is a willing seller and provides written consent.