REFERENCE TITLE: groundwater pumping; foreign ownership; prohibition State of Arizona Senate Fifty-sixth Legislature First Regular Session 2023 SB 1090 Introduced by Senator Kern An Act amending title 45, chapter 2, article 4, Arizona Revised Statutes, by adding section 45-456; relating to the groundwater code. (TEXT OF BILL BEGINS ON NEXT PAGE)
REFERENCE TITLE: groundwater pumping; foreign ownership; prohibition
State of Arizona Senate Fifty-sixth Legislature First Regular Session 2023
SB 1090
Introduced by Senator Kern
REFERENCE TITLE: groundwater pumping; foreign ownership; prohibition
State of Arizona
Senate
Fifty-sixth Legislature
First Regular Session
2023
SB 1090
Introduced by
Senator Kern
An Act
amending title 45, chapter 2, article 4, Arizona Revised Statutes, by adding section 45-456; relating to the groundwater code.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona: Section 1. Title 45, chapter 2, article 4, Arizona Revised Statutes, is amended by adding section 45-456, to read: START_STATUTE45-456. Foreign ownership; groundwater pumping; definition A. A corporation or other entity in which the government of another country has a controlling interest is not eligible to pump groundwater in this state. B. For the purposes of this section, "controlling interest" means direct or indirect ownership of at least eighty percent of the voting shares of a corporation or of the interests in a company, business or person other than a corporation. END_STATUTE
Be it enacted by the Legislature of the State of Arizona:
Section 1. Title 45, chapter 2, article 4, Arizona Revised Statutes, is amended by adding section 45-456, to read:
START_STATUTE45-456. Foreign ownership; groundwater pumping; definition
A. A corporation or other entity in which the government of another country has a controlling interest is not eligible to pump groundwater in this state.
B. For the purposes of this section, "controlling interest" means direct or indirect ownership of at least eighty percent of the voting shares of a corporation or of the interests in a company, business or person other than a corporation. END_STATUTE