Establishes the New York water authority

This bill establishes the New York Water Authority to take over and improve small private water companies across the state. It directly affects small water providers struggling financially and their customers, who face unreliable or unsafe water service. The authority will purchase, upgrade, and maintain these systems to ensure safe, adequate, and affordable water service, including repairing infrastructure to meet state and federal standards. Key provisions include the authority's power to operate water companies, issue bonds for funding, and manage properties without local government liability for debt.