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Assembly Bill A6651

2013-2014 Legislative Session

Restricts fees, rates or other charges established by the New York city water board fees regarding insurance rates for water and sewer line service

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Archive: Last Bill Status - In Assembly Committee

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2013-A6651 (ACTIVE) - Details

Current Committee:
Assembly Corporations, Authorities And Commissions
Law Section:
Public Authorities Law
Laws Affected:
Amd ยง1045-j, Pub Auth L

2013-A6651 (ACTIVE) - Summary

Restricts fees, rates or other charges established by the New York city water board for the purpose of providing insurance for water and sewer line protection.

2013-A6651 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  6651

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                             April 12, 2013
                               ___________

Introduced  by  M.  of A. ABBATE, SIMANOWITZ, MAISEL, TITONE, BENEDETTO,
  AUBRY, CYMBROWITZ, MILLMAN, COLTON, WEPRIN -- Multi-Sponsored by -- M.
  of A. BRENNAN, BROOK-KRASNY, COOK, GOLDFEDER,  HIKIND,  MARKEY,  WEIN-
  STEIN  --  read  once  and  referred to the Committee on Corporations,
  Authorities and Commissions

AN ACT to amend the public authorities law, in relation  to  restricting
  fees,  rates  or  other charges established by the New York city water
  board fees regarding insurance rates for water and sewer line service

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1. Section 1045-j of the public authorities law is amended by
adding a new subdivision 3-a to read as follows:
  3-A. THE FEES, RATES OR ANY OTHER CHARGES  ESTABLISHED  BY  THE  WATER
BOARD  FOR  THE  PURPOSE OF PROVIDING INSURANCE FOR WATER AND SEWER LINE
PROTECTION  SHALL  INCREASE  BY  NO  MORE  THAN  TWO  PERCENT  ANNUALLY,
PROVIDED,  HOWEVER, IF AN INCREASE OF MORE THAN TWO PERCENT IS NECESSARY
TO MAINTAIN SUSTAINABILITY, SUCH INCREASES SHALL REQUIRE THE APPROVAL OF
THE COUNCIL OF THE CITY OF NEW YORK.
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09828-01-3

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