SB 350: Water Rate Assistance Program.

The bill aims to establish a water rate assistance program to provide affordable water services to low-income residential ratepayers. The program will create a water rate assistance fund in the state treasury, which will be used to support the program. The state board will be responsible for administering the fund, tracking and managing revenue, and adopting guidelines for implementation. The guidelines will include minimum requirements for eligible systems and a process for confirming eligibility. The program will provide funding for low-income rate assistance for residential ratepayers of eligible systems. The state board will also provide guidance, oversight, and funding for the program. The bill makes the implementation of these provisions contingent upon a legislative appropriation.