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A09907 Summary:

BILL NOA09907A
 
SAME ASSAME AS S08904-A
 
SPONSORKelles
 
COSPNSRMitaynes, Fahy, Englebright, Otis
 
MLTSPNSR
 
Amd §11.00, Loc Fin L
 
Provides a 10 year period of probable usefulness for broadband and related telecommunications infrastructure.
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A09907 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         9907--A
 
                   IN ASSEMBLY
 
                                     April 19, 2022
                                       ___________
 
        Introduced  by M. of A. KELLES, MITAYNES, FAHY, ENGLEBRIGHT -- read once
          and referred to  the  Committee  on  Local  Governments  --  committee
          discharged, bill amended, ordered reprinted as amended and recommitted
          to said committee
 
        AN ACT to amend the local finance law, in relation to providing a period
          of  probable  usefulness  for broadband and related telecommunications
          infrastructure

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Paragraph  a of section 11.00 of the local finance law is
     2  amended by adding a new subdivision 109 to read as follows:
     3    109. For acquisition, construction, or replacement  of  broadband  and
     4  related  telecommunications  infrastructure  pursuant to section ninety-
     5  nine-y of the general municipal law, ten years.
     6    § 2. This act shall take effect immediately.
 
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD04718-15-2
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