PROPOSED
HOUSE OF REPRESENTATIVES AMENDMENTS TO H.B. 2326
(Reference to printed bill)
Page 1, between lines 15 and 16, insert:
"5. Confer with CAWCD regarding the purchase of long-term storage credits purchased using general fund appropriations or monies collected pursuant to section 45-611, subsection C, paragraph 3 for which CAWCD will be the recovery agent.
6. Obtain approval from CAWCD before purchasing long-term storage credits with monies deposited in the banking fund pursuant to section 48‑3715.03, subsection B."
Renumber to conform
Line 22, after "occur" insert "and the volume of long-term storage credits to be purchased by the authority"
Line 45, after "chapter" strike remainder of line
Page 2, strike lines 1 through 3, insert ", subject to the following:
(a) Except for the purchase of long-term storage credits from an Indian community pursuant to section 45-841.01, the authority may purchase long-term storage credits only after the authority has stored or scheduled for storage all available excess central Arizona project water or when central Arizona project water is otherwise unavailable or undeliverable.
(b) Long-term storage credits accrued or purchased by the authority must be distributed or extinguished in accordance with the rules of operation prescribed in section 45-2457 for the monies used by the authority to accrue or purchase the credits."
Line 19, after "only" strike remainder of line; strike line 20; line 21, strike "purchase and store" insert "after the authority has stored or scheduled for storage"
Line 27, strike "earned" insert "accrued or purchased"
Page 3, line 1, strike "earned" insert "accrued or purchased"
Page 6, line 33, after "firming" insert "using the funding sources identified in subsection B of this section but only after the authority has stored or scheduled for storage all available excess central Arizona project water or when central Arizona project water is otherwise unavailable or undeliverable"
Amend title to conform
BRENDA BARTON |