ARIZONA STATE SENATE
RESEARCH STAFF
TO: MEMBERS OF THE SENATE
NATURAL RESOURCES, ENERGY
& WATER COMMITTEE
DATE: March 19, 2024
SUBJECT: Strike everything amendment to H.B. 2014, relating to water infrastructure
Purpose
Allows the Water Infrastructure Finance Authority (WIFA) to conduct discussions and
negotiations and enter into an agreement, including an offtake agreement, with an eligible entity
that is reasonably necessary to facilitate a water supply development project that imports water
from outside the boundaries of Arizona.
Background
The Long-Term Water Augmentation Fund (LTWAF) consists of monies from various
sources including legislative appropriation, monies received from the issuance and sale of long-
term augmentation bonds, loan repayments, among others. Monies in the LTWAF may be used
for securing long term water augmentation bonds of WIFA (A.R.S. ยง 49-1302).
There is no anticipated fiscal impact to the state General Fund associated with this
legislation.
Provisions
1. Allows WIFA to conduct discussions and negotiations and enter into an agreement, including
an offtake agreement, with an eligible entity that is reasonably necessary to facilitate a water
supply development project that imports water from outside the boundaries of Arizona.
2. Exempts all outlined communication and information from public record, and subjects the
communications and information to disclosure only on the consent of WIFA.
3. Defines bonds as any bonds, obligations, notes, certificates or other indebtedness of WIFA that
are approved by the WIFA Board.
4. Makes technical and conforming changes.
5. Becomes effective on the general effective date.
RACHEL ANDREWS
LEGISLATIVE RESEARCH ANALYST
NATURAL RESOURCES, ENERGY & WATER
COMMITTEE
Telephone: (602) 926-3171