water supply development fund; cap

SB 1217 sets maximum limits on funding from Arizona's Water Supply Development Revolving Fund: loans to water projects cannot exceed $3 million per loan, and grants cannot exceed $2 million per grant. The bill directly affects eligible water providers and entities developing water infrastructure projects across the state by capping the financial assistance they can receive. Key provisions include establishing these specific dollar limits for loans and grants, while maintaining the fund's existing uses for debt purchases, insurance, studies, and administration. The bill modifies existing funding rules without creating new programs or altering the fund's overall purpose.