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S09340 Summary:

BILL NOS09340
 
SAME ASSAME AS A10212
 
SPONSORMAY
 
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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S09340 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          9340
 
                    IN SENATE
 
                                      March 3, 2026
                                       ___________
 
        Introduced  by  Sen.  MAY  --  read  twice and ordered printed, and when
          printed to be committed to the Committee on Local Government
 
        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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