§ 21-e. Operating assistance for water-works corporations in certain
cities. Each city having a population of more than one million may
provide operating assistance to a water-works corporation subject to the
provisions of the public service law which provides water service in
such city for the purpose of reducing or eliminating disparity between
rates charged for such service by the municipal water supply system of
such city and rates charged by such water-works corporation, and in
furtherance of such purpose the chief executive officer of such city may
enter into an agreement with such water-works corporation and expend
such sums as may be appropriated therefor so as to effect a reduction of
rates of such water-works corporation.