Bill > S06885

This bill modifies several existing laws to improve water quality infrastructure funding and provide benefits to water utilities. The bill amends definitions in the public authorities law and public health law to specify that water utility projects must have a "clear and definite public purpose" and directly benefit water system customers. It expands the Environmental Facilities Corporation's ability to provide state financial assistance to water utilities regulated by the Public Service Commission, with a cap of $5 million per year for any municipality or water utility. Additionally, the bill modifies the definition of "special franchise" in the real property tax law to exclude the value of water infrastructure improvements funded through the New York State Water Infrastructure Improvement Act or the drinking water revolving fund, with the condition that any tax savings from this exemption must be used to reduce current water rates and offset future rate increases. The overall goal appears to be supporting water utilities in improving infrastructure, complying with environmental regulations, and providing more affordable water services to customers.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S6885