Bill Text: NY A08740 | 2017-2018 | General Assembly | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Requires the public service commission to retain an independent auditor to conduct audits of private water utility companies prior to and after rate changes are approved by the public service commission.
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2018-05-14 - held for consideration in corporations, authorities and commissions [A08740 Detail]
Download: New_York-2017-A08740-Introduced.html
Bill Title: Requires the public service commission to retain an independent auditor to conduct audits of private water utility companies prior to and after rate changes are approved by the public service commission.
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2018-05-14 - held for consideration in corporations, authorities and commissions [A08740 Detail]
Download: New_York-2017-A08740-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 8740 2017-2018 Regular Sessions IN ASSEMBLY October 25, 2017 ___________ Introduced by M. of A. MONTESANO, LAVINE, RA -- read once and referred to the Committee on Corporations, Authorities and Commissions AN ACT to amend the public service law, in relation to requiring the state comptroller to conduct audits of private water utility companies prior to and after rate changes are approved by the public service commission The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 10 of section 89-c of the public service law is 2 amended by adding a new paragraph (b-1) to read as follows: 3 (b-1) Prior to the approval by the commission of a change by a private 4 water utility company in any rate or charge, or in any form of contract 5 or agreement or any rule or regulation relating to any rate, charge or 6 service, or in any general privilege or facility, the state comptroller 7 has conducted an audit of such private water utility company and provide 8 his or her findings to the commission. In the event of approval by the 9 commission of any such change by a private water utility company in rate 10 or charge, or in any form of contract or agreement or any rule or regu- 11 lation relating to any rate, charge or service, or in any general privi- 12 lege or facility, the state comptroller shall conduct a second audit of 13 the private water utility company one year after the change takes 14 effect. 15 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD13441-02-7