Relating to comprehensive reform of state’s water infrastructure systems
What changed between versions
Replaced the Water Development Authority Board with a Water Development and Infrastructure Council, transferring administrative authority to the Department of Environmental Protection.
Added a requirement that private utilities must have at least 100 customers to qualify for state loans.
Established new guidelines requiring utilities to be current on financial audits and addressing audit findings before receiving state funding.
Modified loan terms for private utilities to match public utility interest rates and added a requirement that rate reductions benefit customers if debt service decreases.
Created a mandatory improvement period for utilities on the 'watch list' to address financial or operational instability before acquisition.
Mandated initial and renewed training for municipal and county officials overseeing public water and wastewater systems.
Introduced a voluntary Early Intervention Pilot Program to help struggling utilities address issues before they become distressed.
Updated the definition of 'private utility' to include a specific customer count threshold and clarified the definition of 'governmental agency'.