Bill > A07521

This bill aims to provide water utilities regulated by the Public Service Commission with access to water quality infrastructure improvement funding. It amends the Public Authorities Law, Public Health Law, and Real Property Tax Law to include water utilities as eligible recipients of funding for water infrastructure projects, such as the replacement or repair of infrastructure or compliance with environmental and public health regulations. The bill also specifies that any project by a water utility must have a clear public purpose and benefit the customers of the water system, and that any tax relief realized through exemptions on the value of water infrastructure improvements must be used to reduce current water rates and offset future increases.