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Committee advances bill modernizing Pinal County water augmentation authority's bonding tools
Summary
House Bill 2098, sponsored by Rep. Gail Griffin, would modernize revenue-bonding authority for County Water Augmentation Authorities to improve financing terms for future augmentation projects; Pinal County representatives said the changes would prepare the region for augmentation opportunities.
Representative Gail Griffin introduced House Bill 2098 on behalf of Pinal County. Cheyenne Walsh, representing the Pinal County Water Augmentation Authority (PICWA), told the committee the bill modernizes PICWA's revenue-bonding authority, basing changes on existing GADA and WIFA models to secure financing on favorable terms for future augmentation projects in the Pinal Active Management Area.
Committee members expressed support and asked PICWA to follow up with details about candidate projects; the committee recorded an 8-0 vote to give HB2098 a due-pass recommendation.
