water banking; annual report; posting

Plain English Breakdown

The official source material does not provide specific details on what information must be included in the annual report beyond it being posted online. The bill summary text specifies that the Commission must post a copy of its annual report but does not detail the contents of the report as originally stated.

Water Banking Annual Report Posting

This bill requires the Arizona Water Banking Authority Commission to post its annual report on their website.

What This Bill Does

• Requires the Arizona Water Banking Authority Commission to put a copy of its annual report online.

Who It Names or Affects

• The Arizona Water Banking Authority Commission
• People who use or are interested in Arizona's water resources

Terms To Know

Arizona Water Banking Authority (AWBA)

An organization that manages the storage and distribution of water in Arizona.

Annual Report

A yearly summary of activities, finances, and plans for an organization or agency.

Limits and Unknowns

• The bill does not specify a date when it will take effect.
• There is no expected financial impact on the state's budget from this change.

Official Summary Text

SB1335 - 572R - Senate Fact Sheet

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COMMITTEE

ARIZONA STATE SENATE

Fifty-Seventh
Legislature, Second Regular Session

FACT SHEET FOR
S.B. 1335

water banking; annual
report; posting

Purpose

Requires the
Arizona Water Banking Authority Commission (Commission) to post a copy of its
annual report on the Commission's website.

Background

The Legislature
finds that water banking is complimentary and compatible with existing
management efforts and establishes the Arizona Water Banking Authority (AWBA),
which must: 1) administer the Arizona Water Banking Fund (Fund); 2) coordinate
the storage of water and distribution and extinguishment of long-term storage
credits with the Director of the Arizona Department of Water Resources in
accordance with Arizona water banking and the water management objectives set
by the Groundwater Code; 3) determine on an annual basis, the quantity of
Colorado River water, surface water other than Colorado River water and
effluent to be stored by the AWBA and where that storage will occur; and 4)
carry out other statutorily prescribed duties. The purposes, powers and duties
of the AWBA must be executed by the Commission (A.R.S. ��
45-2401
;

45-2421

and
45-2423
).

The Commission
must prepare and submit an annual report containing a full and complete account
of its transactions and proceedings for the preceding calendar year to the
Governor, President of the Senate and Speaker of the House of Representatives
by July 1 of each year. The report must include: 1) an accounting of all monies
expended from the Fund; 2) an accounting of all monies in the Fund remaining
available to the AWBA; 3) the amount of water stored by the AWBA; 4) the number
of long-term storage credits distributed or extinguished by the AWBA; 5) the
purposes for which long-term storage credits were distributed or extinguished
by the AWBA; 6) a description of the water banking services and interstate
water banking to be undertaken by the AWBA during the following 10-year period
and a projection of the capacity of the AWBA during that period to undertake
those activities in addition to storing Colorado River water brought into
Arizona through the Central Arizona Project for statutorily prescribed
purposes; and 7) any other matter determined by the AWBA to be relevant to the
policy and purpose of Arizona water banking (
A.R.S.
� 45-2426
).

There is no
anticipated fiscal impact to the state General Fund associated with this
legislation.

Provisions

1.

Requires the Commission to post a copy of its annual report on the
Commission's website.

2.

Makes technical changes.

3.

Becomes effective on the general effective date.

Prepared by Senate Research

February 12, 2026

SB/SF/hk

Current Bill Text

SB1335 - 572R - S Ver

Senate Engrossed

water banking; annual
report; posting

State of Arizona

Senate

Fifty-seventh Legislature

Second Regular Session

2026

SENATE BILL 1335

AN
ACT

Amending section 45-2426, Arizona
Revised Statutes; RELATING to the Arizona Water Banking authority.

(TEXT OF BILL BEGINS ON NEXT PAGE)

Be it
enacted by the Legislature of the State of Arizona:

Section 1. Section 45-2426, Arizona Revised
Statutes, is amended to read:

START_STATUTE
45-2426.

Annual report; posting

A. The commission shall make and submit to the
governor, president of the senate and speaker of the house of representatives
on or before July 1 of each year a report containing a full and complete
account of its transactions and proceedings for the preceding calendar year.
The commission shall post a copy of the report on the commission's
website.

B. The report shall contain all of the following:

1. An accounting of all monies expended from the
banking fund.

2. An accounting of all monies in the banking fund
remaining available to the authority.

3. The amount of water stored by the authority.

4. The number of long-term storage credits
distributed or extinguished by the authority.

5. The purposes for which long-term storage
credits were distributed or extinguished by the authority.

6. A description of the water banking services and
interstate water banking to be undertaken by the authority during the following

ten year
ten-year
period
,
and a projection of the capacity of the authority during
that period to undertake those activities in addition to storing Colorado river
water brought into
the
this
state
through the central Arizona project for all of the following purposes:

(a) Protecting this state's municipal and industrial
water users against future water shortages on the Colorado river and
disruptions of operation of the central Arizona project.

(b) Fulfilling the water management objectives of
this state as set forth in chapter 2 of this title.

(c) Making water available to implement the
settlement of water rights claims by Indian communities within this state.

7. Any other matter determined by the authority to
be relevant to the policy and purposes of this chapter.
END_STATUTE