SB1390 Summary

• Amends Arizona Revised Statutes sections relating to the Water Infrastructure Finance Authority of Arizona, including provisions on powers, board membership, fund administration, and financial assistance programs.

• Expands the Water Infrastructure Finance Authority Board from 8 to 9 voting members (4 from counties with 400,000+ population, 4 from counties with less than 400,000 population, and 1 finance/statewide water needs specialist) and establishes conflict of interest restrictions replacing "spouse" with "relative" in disqualification criteria.

• Modifies definitions of "eligible entities" for water supply development funding to reference "initial active management areas" where the Central Arizona Project aqueduct is located instead of listing specific counties.

• Updates provisions regarding long-term water augmentation bonds, including allowing public-private partnership agreements and clarifying fund deposit procedures for defaulted loan repayments.

• Changes water conservation grant fund eligibility to reference eligible entities as defined in section 49-1301 rather than duplicating statutory language for public entities and nonprofit organizations.