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NY A01260

Bill

Official Source

Status

Introduced

1/13/2023

Primary Sponsor

Anna Kelles

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • Amends the Local Finance Law to add a new subdivision establishing a 10-year period of probable usefulness for broadband and related telecommunications infrastructure
  • The new classification applies to acquisition, construction, or replacement of broadband and related telecommunications infrastructure under General Municipal Law section 99-y
  • Takes effect immediately upon enactment
  • Allows municipalities to use the 10-year useful life period for depreciation and bonding purposes related to broadband infrastructure investments

Legislative Description

Provides a 10 year period of probable usefulness for broadband and related telecommunications infrastructure.

Last Action

substituted by s289

5/17/2023

Committee Referrals

Rules5/16/2023
Ways and Means2/14/2023
Local Governments1/13/2023

Full Bill Text

No bill text available