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Board reviews fund status and implications of House Bill 285 for a state water infrastructure fund
Summary
Staff updated the board on fund balances, dam-safety lists and the potential effects of House Bill 285, which would create/expand a water infrastructure fund (WIF) and allow cross-agency fund sharing; staff described next steps and potential policy tradeoffs for small/rural applicants.
Board staff provided an updated status of agency loan and grant funds, described current obligations and open balances, and discussed how proposed legislation (House Bill 285) could affect fund use and distribution.
Shailene DeBernardi told the board the revolving construction fund still had more than $15 million available for smaller projects despite recent obligations and ARPA contracting. The conservation and development (C&D) fund—used for larger projects—remains well capitalized; staff said the current C&D balance on the books exceeds $170 million but noted some of those funds are tentatively allocated for Southern Utah reuse projects.
Staff…
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