wells; intention to drill; appropriation

This bill amends Arizona Revised Statutes to update definitions and requirements for the state's water infrastructure finance authority. It clarifies terms such as "imported water," "water-related facilities," and "public-private partnership projects" to ensure consistent understanding of the authority's scope. Additionally, the bill outlines the conditions under which the authority can issue long-term bonds to fund water supply development and infrastructure improvements. The legislation focuses on establishing a legal framework for financing water projects rather than directly funding specific initiatives.