New York A 9662: Establishes a water and waste water treatment system capital fund

Bill Text

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A09662 Summary:

BILL NOA09662 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORCashman

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Add §97-bbbbb, St Fin L

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Establishes a water and waste water treatment system capital fund for municipalities.

Go to top A09662 Actions:

BILL NOA09662 

&nbsp

01/21/2026referred to ways and means

Go to topA09662 Committee&nbspVotes:

Go to topA09662 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA09662 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9662

 IN ASSEMBLY

 January 21, 2026
 ___________

 Introduced by M. of A. CASHMAN -- read once and referred to the Commit-
 tee on Ways and Means

 AN ACT to amend the state finance law, in relation to establishing a
 water and waste water treatment system capital fund; and making an
 appropriation therefor

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The state finance law is amended by adding a new section
 2 97-bbbbb to read as follows:
 3 § 97-bbbbb. Water and waste water treatment system capital fund. 1.
 4 There is hereby established in the joint custody of the state comp-
 5 troller and the commissioner of taxation and finance a special capital
 6 fund to be known as the "water and waste water treatment system capital
 7 fund", hereinafter referred to as "the fund".
 8 2. The fund shall consist of all moneys collected therefor or credit-
 9 ed or transferred thereto from any other fund, account or source. Any
 10 interest received by the comptroller on moneys on deposit in the transit
 11 assistance for capital investments fund shall be retained in and become
 12 a part of such fund.
 13 3. Moneys in the fund shall, following appropriation by the legisla-
 14 ture, be utilized for capital purposes, including, but not limited to
 15 the planning and design, acquisition, construction, reconstruction,
 16 replacement, improvement, reconditioning, rehabilitation and preserva-
 17 tion of water and waste water treatment systems.
 18 4. Moneys deposited into the fund shall be available to municipalities
 19 throughout the state through a grant program established by the comp-
 20 troller, in consultation with the commissioner of taxation and finance.
 21 5. All payments of moneys from the transit assistance for capital
 22 investments fund shall be made on the audit and warrant of the comp-
 23 troller.
 24 § 2. Appropriation. The sum of two hundred million dollars
 25 ($200,000,000), or so much thereof as may be necessary, is hereby appro-
 26 priated to the water and waste water treatment system capital fund out
 27 of any moneys in the state treasury in the general fund, not otherwise

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03319-01-5

 A. 9662 2

 1 appropriated, and made immediately available, for the purpose of carry-
 2 ing out the provisions of this act. Such moneys shall be payable on the
 3 audit and warrant of the comptroller on vouchers certified or approved
 4 by the state fire administrator in the manner prescribed by law.
 5 § 3. This act shall take effect immediately.

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