New York S 8703: Relates to including certain employees who were employed in public service for eligibility for those who participated in the World Trade Center rescue, recovery or cleanup operations

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S08703 Summary:

BILL NOS08703A

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SAME ASNo Same As

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SPONSORHINCHEY

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COSPNSRSALAZAR, SKOUFIS

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MLTSPNSR

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Add Art 5 Title 10-E §§1240 - 1240-y, Pub Auth L

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Establishes the New York water authority for the purposes of purchasing, upgrading, and maintaining small private water companies.

Go to top S08703 Actions:

BILL NOS08703A

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01/07/2026REFERRED TO FINANCE

02/18/2026AMEND (T) AND RECOMMIT TO FINANCE

02/18/2026PRINT NUMBER 8703A

Go to topS08703 Committee&nbspVotes:

Go to topS08703 Floor&nbspVotes:

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

Go to topS08703 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8703--A

 IN SENATE

 January 7, 2026
 ___________

 Introduced by Sen. HINCHEY -- read twice and ordered printed, and when
 printed to be committed to the Committee on Finance -- committee
 discharged, bill amended, ordered reprinted as amended and recommitted
 to said committee

 AN ACT to amend the public authorities law, in relation to establishing
 the New York water authority

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

 1 Section 1. Article 5 of the public authorities law is amended by
 2 adding a new title 10-E to read as follows:
 3 TITLE 10-E
 4 NEW YORK WATER AUTHORITY
 5 Section 1240. Short title.
 6 1240-a. Legislative findings and declaration of policy.
 7 1240-b. Definitions.
 8 1240-c. New York water authority.
 9 1240-d. General powers of the authority.
 10 1240-e. New York water authority advisory board.
 11 1240-f. Water board.
 12 1240-g. Powers of the water board to operate, purchase, and
 13 maintain certain water companies.
 14 1240-h. Appropriations for purposes of the water board or
 15 authority; transfer or acquisition of property;
 16 contracts.
 17 1240-i. Transfer of officers and employees.
 18 1240-j. Subsidiaries.
 19 1240-k. Bonds of the authority.
 20 1240-l. Remedies of bondholders.
 21 1240-m. Local governments, state, and water board not liable on
 22 bonds or notes; authority liable.
 23 1240-n. Legal investments.
 24 1240-o. Moneys of the authority.
 25 1240-p. Agreement of the state.
 26 1240-q. Exemption from taxes, assessments and certain fees.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD13525-02-6

 S. 8703--A 2

 1 1240-r. Payment in lieu of taxes.
 2 1240-s. Repayment of state appropriations.
 3 1240-t. Audit and annual reports.
 4 1240-u. Authority subject to open meetings law.
 5 1240-v. Actions against the water board and authority.
 6 1240-w. Conflicts of interest.
 7 1240-x. Severability.
 8 1240-y. Inconsistent provisions of other laws superseded.
 9 § 1240. Short title. This title shall be known and may be cited as the
 10 "New York water authority act".
 11 § 1240-a. Legislative findings and declaration of policy. It is hereby
 12 found that small water companies across New York state are struggling.
 13 Many are no longer financially capable of maintaining reliable,
 14 adequate, and safe water service to their customers at just, reasonable,
 15 and affordable rates. As a result, the state needs to step in and help
 16 take over ownership of small water companies and assist in repairing the
 17 infrastructure necessary to improve water quality, quantity, safety, and
 18 compliance with state and federal law, and service to customers.
 19 § 1240-b. Definitions. As used or referred to in this title, unless a
 20 different meaning clearly appears from the context:
 21 1. "Authority" means the corporation created by section twelve hundred
 22 forty-c of this title.
 23 2. "Board" means the water board established pursuant to section
 24 twelve hundred forty-f of this title.
 25 3. "Bonds" means the bonds, notes, or other evidences of indebtedness
 26 issued by the authority pursuant to this title, and the provisions of
 27 this title relating to bonds and bondholders shall apply with equal
 28 force and effect to notes and noteholders, respectively, unless the
 29 context otherwise clearly requires.
 30 4. "Comptroller" means the comptroller of the state of New York.
 31 5. "Construction" or "constructed" means the acquisition, erection,
 32 building, alteration,