Requires public utility authorities to obtain legislative approval before raising rates or fees, or imposing new rates or fees

This bill requires public utility authorities (such as water, gas, or electric providers operating under New York's Article 5) to get state legislative approval before raising existing rates, charging new fees, or imposing new rates. It directly affects these utility authorities by mandating they seek and secure formal approval from the state legislature for any rate or fee changes. The key provision is a strict requirement that such changes cannot take effect without prior legislative consent. The bill takes immediate effect upon enactment.