Why is the need for a certificate of assured water supply crucial for developers?

The need for a certificate of assured water supply is crucial for developers primarily because it guarantees availability of water for future use in their projects. This certificate is a key component of Arizona's water management policy, ensuring that new developments are not only able to provide immediate water supply but also that they can sustain this supply over the long term. It is essential for developers to demonstrate that their projects can support the water demands of residents without straining existing water resources or infringing on the rights of other users.

This assurance is particularly important in Arizona, where water scarcity can be a significant concern due to the desert environment and limited water resources. Without this certificate, developers face the risk of being unable to meet the water needs of the communities they are trying to build, which could lead to significant financial losses and legal challenges. Thus, securing a certificate of assured water supply is not just a regulatory requirement, but a fundamental aspect of responsible and sustainable development in the state.