Bill > A02154

This bill establishes a new special capital fund called the "Water and Waste Water Treatment System Capital Fund" to help municipalities improve their water infrastructure. The fund will be jointly managed by the state comptroller and the commissioner of taxation and finance, and will be initially funded with $200 million from the state's general fund. The fund can be used for a wide range of capital purposes related to water and wastewater treatment systems, including planning, design, construction, reconstruction, replacement, improvement, rehabilitation, and preservation of these critical infrastructure systems. Municipalities throughout the state will be able to access the fund's resources through a grant program that will be established by the comptroller in consultation with the tax commissioner. The bill allows the fund to collect moneys from various sources and retain any interest earned, and specifies that fund expenditures will be made only after legislative appropriation. This legislation aims to support local governments in maintaining and upgrading their water and wastewater treatment infrastructure, which is essential for public health and environmental protection.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A2154