Relates to providing water utilities with access to water quality infrastructure improvement funding

This bill amends New York State laws to expand access to state funding for water quality infrastructure projects, primarily benefiting regulated water utilities and municipalities. It authorizes the Environmental Facilities Corporation to provide financial assistance (capped at $5 million annually per entity) for infrastructure repairs, replacements, or compliance with environmental health regulations. Water utility projects must serve a clear public purpose and directly benefit customers. Additionally, tax relief from funded infrastructure improvements must be used to lower current water rates and offset future rate increases.