Bill Summary: A09674 - North Shore Water Authority

• Creates the Water Authority of North Shore, a public benefit corporation governed by a six-member board appointed by municipalities in Nassau County (Sea Cliff, Old Brookville, Roslyn Harbor, Glen Cove, and parts of Oyster Bay and North Hempstead).

• Grants the authority power to acquire water supply systems, construct and operate water facilities, set rates, issue bonds, and manage groundwater resources including conservation and protection measures.

• Requires public forums and a non-binding referendum before the authority can purchase or condemn the New York American water service corporation's assets.

• Establishes voting procedures based on weighted votes proportional to water supplied to each municipality, with adjustments every four years beginning January 1, 2022.

• Exempts the authority from most taxes and assessments while allowing it to make payments in lieu of taxes to municipalities; limits liability and imposes conflict-of-interest rules on board members and officers.