Establishes a water and waste water treatment system capital fund

This bill creates a dedicated $200 million capital fund to support municipal water and wastewater infrastructure. The fund, established within the state comptroller's office, will receive money from the general fund and be used for capital projects like constructing, repairing, or upgrading water treatment systems. Municipalities statewide can apply for grants from this fund to finance these infrastructure improvements. The bill specifies that funds will be distributed through a grant program managed by the comptroller and tax commissioner, with payments made via state audit processes.