Bill > S08730

This bill amends several laws to provide water utilities regulated by the Public Service Commission with access to water quality infrastructure improvement funding, such as the New York State Water Infrastructure Improvement Act of 2017 and the Drinking Water Revolving Fund. The key provisions include: (1) expanding the definition of "recipient" to include water utilities, as long as the project has a clear public purpose and benefits the water system's customers; (2) allowing water utilities to receive state financial assistance payments for water quality infrastructure projects; and (3) exempting the value of water infrastructure improvements funded or financed through these programs from the special franchise assessment for water utilities, provided the tax relief is used to reduce current water rates and offset future increases.