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NY S00594
Bill
Status
1/6/2021
Primary Sponsor
Rachel May
Click for details
AI Summary
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Municipalities are authorized to establish, construct, and maintain broadband and related telecommunications infrastructure, or contract with corporations or nonprofit organizations to do so.
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Municipalities may operate broadband services directly or contract for provision of such services within their jurisdiction.
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"Nonprofit organization" is defined as corporations with 501(c)(3) tax-exempt status under the Internal Revenue Code or organizations incorporated under New York's not-for-profit corporation law.
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Municipalities that have established broadband infrastructure may issue and sell bonds or other municipal obligations under the local finance law to fund such services.
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Principal and interest payments on bonds or municipal obligations may be made in whole or in part from revenue generated by the broadband services.
Legislative Description
Authorizes municipalities to construct and maintain broadband and related telecommunications infrastructure, or to contract with a corporation or nonprofit organization for such services; authorizes municipalities to issue and sell bonds or other municipal obligations to provide funds for such services.
Last Action
COMMITTED TO RULES
6/3/2022