Bill S3599-2013

Limits New York City water board's authority to increase rates charged

Limits New York City water board's authority to increase rates charged by no more than 5% annually or current rate of inflation, whichever is greater.

Details

Actions

  • Mar 26, 2014: ADVANCED TO THIRD READING
  • Mar 25, 2014: 2ND REPORT CAL.
  • Mar 24, 2014: 1ST REPORT CAL.332
  • Jan 8, 2014: REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS
  • Jun 21, 2013: COMMITTED TO RULES
  • May 8, 2013: ADVANCED TO THIRD READING
  • May 7, 2013: 2ND REPORT CAL.
  • May 6, 2013: 1ST REPORT CAL.537
  • Feb 7, 2013: REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

Votes

VOTE: COMMITTEE VOTE: - Corporations, Authorities and Commissions - May 6, 2013
Ayes (4): Ranzenhofer, Flanagan, Martins, Squadron
Ayes W/R (1): Perkins
Excused (1): Larkin
VOTE: COMMITTEE VOTE: - Corporations, Authorities and Commissions - Mar 24, 2014
Ayes (6): Ranzenhofer, Flanagan, Larkin, Martins, Perkins, Squadron

Memo

BILL NUMBER:S3599

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 12,91; 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: 2012: S.4369 - Referred to Corporations, Authorities, and Commissions / A.2672 -Referred to Corporations, Authorities, and Commissions. 2011: S.4369 - Referred to Corporations, Authorities, and Commissions / A.2672 -Referred to Corporations, Authorities, and Commissions. 2010: A.11167 - Referred to Corporations.

FISCAL IMPLICATIONS: None.

EFFECTIVE DATE: This act shall take effect immediately.


Text

STATE OF NEW YORK ________________________________________________________________________ 3599 2013-2014 Regular Sessions IN SENATE February 7, 2013 ___________
Introduced by Sen. LANZA -- read twice and ordered printed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions 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 THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 1 of section 1045-j of the public authorities law, as added by chapter 513 of the laws of 1984, is amended to read as follows: 1. The water board shall establish, fix and revise, from time to time, fees, rates, rents or other charges for the use of, or services furnished, rendered or made available by, the sewerage system or water system, or both, as the case may be, owned by the water board pursuant to this title in such amount at least sufficient at all times so as to provide funds in an amount sufficient together with other revenues available to the board, if any, (i) to pay to the authority, in accord- ance with any agreement with the authority, an amount sufficient for the purpose of paying the principal of and the interest on the outstanding notes or bonds of the authority as the same shall become due and payable and maintaining or funding a capital or debt service reserve fund there- for and, to the extent requested by the city in, or annually pursuant to, the agreement to pay to the city, in accordance with the agreement, an amount sufficient for the purpose of paying the principal of and interest on general obligation bonds thereof issued for or allocable to the water system or sewerage system or both, as the case may be, as the same shall become due and payable, and to maintain or fund reserves therefor, (ii) to pay to the city, in accordance with the agreement, an amount sufficient for the purpose of paying the costs of administering, maintaining, repairing and operating and the cost of constructing capi-
tal improvements to the water system or sewerage system or both, as the case may be, (iii) to pay to the city in accordance with the agreement entered into pursuant to section one thousand forty-five-i of this title an amount sufficient for the purpose of paying liabilities issued for or allocable to the water system or sewerage system or both, as the case may be, as the same shall become due and payable, (iv) to meet any requirements of any agreement including requirements relating to the establishment of reserves for renewal and replacement and for uncol- lected charges and covenants respecting rates, (v) to pay all other reasonable and necessary expenses of the authority and the water board in relation thereto, and (vi) to the extent requested by the city in or pursuant to the agreement, to pay or provide for such other purposes or projects as such city considers appropriate and in the public interest. Any surplus of funds remaining in the water board after such payments have been made shall be returned to the city for deposit in the general fund. 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. S 2. This act shall take effect immediately.

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