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A10212 Summary:

BILL NOA10212
 
SAME ASNo Same As
 
SPONSORKelles
 
COSPNSR
 
MLTSPNSR
 
Amd §11.00, Loc Fin L
 
Extends the period of probable usefulness of broadband and related telecommunications infrastructure to thirty years.
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A10212 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          10212
 
                   IN ASSEMBLY
 
                                    February 12, 2026
                                       ___________
 
        Introduced by M. of A. KELLES -- read once and referred to the Committee
          on Local Governments
 
        AN  ACT  to  amend  the  local finance law, in relation to the period of
          probable  usefulness  of  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. Short title. This act shall be known and may  be  cited  as
     2  the  "municipal  broadband  financing  modernization  improvement act of
     3  2026".
     4    § 2. Subdivision 109 of paragraph a of  section  11.00  of  the  local
     5  finance  law, as added by chapter 512 of the laws of 2023, is amended to
     6  read as follows:
     7    109. For acquisition, construction, or replacement  of  broadband  and
     8  related  telecommunications  infrastructure  pursuant to section ninety-
     9  nine-y of the general municipal law, [ten] thirty years.
    10    § 3. This act shall take effect immediately.
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14614-01-6
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