Abolishes the minimum charge for the supply of water by the New York city municipal water finance authority and the New York city water board

This bill removes a fixed minimum monthly fee for water service in New York City. It directly affects residential and business customers with water meters, changing billing to charge only for actual water used, as measured by meters. The key provision eliminates any "minimum charge, fee, rate, or rent" that the city's Water Board could previously impose on metered properties. This means customers will no longer pay a baseline fee if they use little or no water, with charges based solely on consumption. The change applies immediately to all metered accounts under the city's water finance authority and Water Board.