Establishes a water and waste water treatment system capital fund

This bill establishes a $200 million capital fund to support water and wastewater infrastructure projects. The fund, managed by the state comptroller and tax commissioner, provides grants to all New York municipalities for capital improvements like building, repairing, or upgrading water treatment systems. Moneys in the fund come from state appropriations and interest earned on related accounts, with grants distributed through a program created by the comptroller. It directly affects local governments needing financial assistance for essential water infrastructure upgrades.