§ 1226-i. Imposition and disposition of fees, rates or charges. 1.\nThe water board shall establish, fix and revise, from time to time,\nfees, rates or other charges for the use of, or services furnished,\nrendered or made available by, all projects and water facilities owned,\nleased or utilized by the water board pursuant to this title in an\namount at least sufficient at all times so as to provide funds in an\namount sufficient, together with other revenues available to the board,\nif any, (i) to pay to the authority, in accordance with any agreement\nwith the authority, an amount sufficient for the purpose of paying the\nprincipal of and the interest on the outstanding bonds of the authority\nas the same shall become due and payable and maintaining or funding a\ncapital or debt service reserve fund therefor, if any, or any other fund\ndetermined necessary by the authority, and, if applicable (ii) to pay to\nany municipality, in accordance with this title or any agreement entered\ninto pursuant to this title, an amount sufficient for the purpose of\npaying any payment in lieu of taxes as the same shall become due and\npayable, (iii) to raise an amount sufficient for the purpose of paying\nthe costs of administering, maintaining, repairing and operating any\nwater facility, (iv) to meet any requirements of any agreement,\nincluding requirements relating to the establishment of reserves for\nrenewal and replacement and for uncollected charges and covenants\nrespecting rates, (v) to pay all other reasonable and necessary expenses\nof the authority and the water board in relation thereto, and (vi) to\npay or provide for such other purposes or projects as the water board\nconsiders appropriate and in the public interest.\n 2. No fee, rate or other charge shall be established, fixed or revised\nunless and until the water board has held a public hearing at which the\nusers of the water facility, the owners of property served or to be\nserved and other interested persons have had an opportunity to be heard\nconcerning the same. Notice of such public hearing shall be published by\nthe water board not less than ten nor more than twenty days before the\ndate set therefor in a newspaper or newspapers having general\ncirculation in the service area, as shall be designated by the water\nboard. Such notice shall set forth the date, time and place of such\nhearing and shall include a brief description of the matters to be\nconsidered at such hearing. A copy of the notice shall be filed in the\noffice of the secretary of the water board and shall be available for\ninspection by the public. At all such hearings, all users of the water\nfacilities, owners of property served or to be served and any other\ninterested persons shall have an opportunity to be heard concerning the\nmatters under consideration. Any decision of the water board on matters\nconsidered at such public hearing shall be in writing and be made\navailable in the office of the secretary of the water board for public\ninspection. Such decision shall be published in a newspaper or\nnewspapers having a general circulation in the service area as shall be\ndesignated by the water board not later than thirty days after such\ndecision is made. The fees, rates or other charges so established for\nany class of users of property served shall be extended to cover any\nadditional premises thereafter served which are within the same class,\nwithout the necessity of a hearing thereon. The water board shall exempt\nthe facility currently operated by the Utica zoological society and\nlocated on Steele Hill road, Utica, commonly known as the Utica zoo,\nfrom the payment of fees, rates or charges for water. The water board\nmay also determine to exempt the municipalities within the service area\nfrom the payment of all or any part of fees, rates or other charges as\nthe water board deems appropriate; provided, however, that (i) any such\nexemption shall be established by and set forth in a r
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