Establishes the Water Affordability and System Stabilization Trust to fund water system costs and affordability.

The bill establishes the Water Affordability and System Stabilization Trust to provide a perpetual source of funding for water system costs and affordability. The trust will receive funding from the General Fund and other sources. The trust's income will be distributed to the Water Rate Assistance Fund and the Community Water Affordability Assistance Fund. The bill also creates the Community Water Affordability Program to provide grants to community water systems for local water infrastructure projects.

Establishes the Water Affordability and System Stabilization Trust to fund water system costs and affordability.

The bill establishes the Water Affordability and System Stabilization Trust to provide a perpetual source of funding for water system costs and affordability. The trust will receive funding from the General Fund and other sources. The trust's income will be distributed to the Water Rate Assistance Fund and the Community Water Affordability Assistance Fund. The bill also creates the Community Water Affordability Program to provide grants to community water systems for local water infrastructure projects.