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Gov. Katie Hobbs last month signed SB 1611, enacting the most significant overhaul of Arizona’s groundwater policy in decades. The bipartisan “ag-to-urban” bill enables the conversion of irrigated farmland into housing while promoting aquifer replenishment and long-term water sustainability.

Over two legislative sessions, Craig Krumwiede, CEO of Harvard Investments, and Mike Cowley, CEO of Cowley Companies, worked with lawmakers, the governor’s office, the Arizona Department of Water Resources (ADWR), the Home Builders Association of Central Arizona (HBACA), and the Gammage & Burnham Water Group. Together, they helped build consensus among landowners, stakeholders, and Arizona residents.