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Municipal Utilities; Requires certain public meetings as condition precedent to effectiveness of new or extended agreement under which municipality will provide specified utility services in other municipalities or unincorporated areas; specifies matters to be addressed in such public meetings; requires such agreements to be written; requires annual public customer meetings; limits portion of certain utility revenues that municipality may use to fund or finance general government functions; requires excess revenues to be reinvested into municipal utility or returned to customers; requires municipalities that provide specified utility services to report certain information by specified date to PSC on annual basis; requires PSC to compile certain information & submit report containing such information to Governor & Legislature by specified date; revises provisions relating to permissible rates, fees, & charges imposed by municipal water & sewer utilities on customers located outside municipal boundaries.