ARIZONA
HOUSE OF REPRESENTATIVES
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HB 2190: county improvement districts; repayment agreements |
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PRIME SPONSOR: Representative Mitchell, LD 13 BILL STATUS: Energy, Environment & Natural Resources
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Relating to WIFA financing for county
improvement district waterworks.
Provisions
1. Allows a county improvement district to construct or improve waterworks with monies borrowed from or financial assistance provided by WIFA (Sec. 3)
2. Permits the county improvement district board of directors to order maintenance of waterworks when the public interest or convenience requires. (Sec. 2).
3. Modifies the definition of waterworks to include drinking water treatment facilities. (Sec. 2)
4. Makes technical and conforming changes. (Sec. 1-3)
Current Law
A county improvement district may construct or improve a wastewater treatment facility, sewer collection system or nonpoint source project with monies borrowed from or financial assistance provided by WIFA. The county improvement district may enter into a financial assistance loan repayment agreement payable from any revenues authorized to be pledged to repay long-term indebtedness. The loan repayment agreement must contain the covenants and conditions WIFA deems proper, including covenants for system operation, rate setting and provisions to take charge and operate the sewer collection system and wastewater treatment system if the loan repayment agreement is not paid in a timely manner and if the district will not be able to cure the default (A.R.S. § 48-909.01).
WIFA may provide financial assistance to political subdivisions, Indian tribes and eligible drinking water facilities for constructing, acquiring or improving wastewater treatment facilities, drinking water facilities, nonpoint source projects or other related water quality facilities and projects (A.R.S. § 49-1203).
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Fifty-third Legislature HB 2190
Second Regular Session Version 1: Energy, Environment & Natural Resources
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