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Sponsors
1 Co-sponsor
History
- Referred to corporations, authorities and commissions
- Referred to corporations, authorities and commissions
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Limits New York City water board's authority to increase rates charged
In Assembly Committee · Corporations, Authorities And Commissions · Sponsor David Weprin
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S4369
Title of bill
An act to amend the public authorities law, in relation to increases in fees, rates, rents or other charges established by the New York city water board
Purpose
To protect homeowners, building owners and businesses throughout New York City from consistently unjust and unnecessary raises in water rates.
Summary of provisions
This bill will amend Subdivision 1 of section 1045-j of the public authorities law as added by chapter 513 of the law of 1984 is amended to read as follows: All fees, rates, rents or other charges established, fixed and revised by the water board shall increase by no more than five percent annually or the current rate of inflation, whichever is greater.
Justification
Since 2007, the New York City Water Board has consistently raised water rates by double digit or near double digit percentages and is raising their rates again by an additional 12.9% on July 1, 2010. The proposed water rate increases exceed the costs of providing water and sewer service, including system maintenance. This bill protects the rate payers from excessive increases in their water rates.
Legislative history
2010: A.11167 - Referred to Corporations.
Fiscal implications
None.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.